Lismore advise on sale of South Gyle Trade Park, Edinburgh

Lismore Real Estate Advisors have advised abrdn on the disposal of South Gyle Trade Park, Edinburgh to Rossco Properties.

Comprising over 139,650 sq ft, tenants include Network Rail, Thistle Timber, and Wolseley with a WAULT to expiry of 8.1 years and 7 years to breaks and a net rent of £1,024,289 per annum. The trade park is held on four ground leases from The City of Edinburgh Council with a weighted unexpired term of 131 years.

The price of £13.965m reflects a net initial yield of 6.8%.