With particular expertise in industrial property, this sector accounts for 50.00% of portfolio value.
The team will consider all opportunities but particularly seek the following;
High quality, well located single-let properties with long unexpired terms.
Multi-let industrial estates or terraces with scope to add value through asset management or refurbishment.
Vacant industrial units with good underlying fundamentals and capable of refurbishment or redevelopment.
We would be delighted to consider any opportunity between £2M - £10M.
CURRENT INDUSTRIAL PROJECTS
Hurlawcrook Road, East Kilbride
Purchased in April 2017, a stand-alone modern warehouse property in East Kilbride for a price reflecting a NIY of 8.45%.
The property, extending to circa 10,000 sqft, is let in its entirety to Corney & Barrow on FRI terms until February 2023, with the tenant having the option to further extend the lease for 5 years from expiry.
Located adjacent to J Sainsbury’s Scottish distribution hub, we believe that the unit will benefit from the continued improvements to the M73/M74 motorway network.
The team were particularly attracted to the quality of the tenant – who use the property for their Scotland & Northern Ireland distribution hub – the annually compounded RPI uplifts 5 yearly and the size of the unit (attractive to a broad range of occupiers).
Come February 2018, the investment will be delivering a running yield of 9.53% and we are actively engaged in a number of asset management strategies.
Dundee 26 Commercial Street Dundee DD1 3EJ 01382 201 964
Edinburgh 70 Cumberland Street Edinburgh EH3 6RE 0131 315 0382