Lismore Real Estate Advisors have advised Ediston, on behalf of Clydebuilt II Limited Partnership, on the acquisition of 4 prime industrial mid box units fronting Fullarton Drive in Cambuslang. The industrial units were purchased from BP Pension Fund.
The properties are let to The Royal Mail Group, Seimens Mobility, Righton & Blackburns and DPD Group with a WAULT of 4.10 years to lease expiry and 3.51 years to break. The assets offer strong rental and yield performance with the current rents ranging from £6.65 sqft to £8.80 sqft and lease events taking place across all 4 units within the first 4 years of the hold period.
The price of £14.725 million reflects a net initial yield of circa 6.12%.
