Prime multi-let industrial investment opportunity in Blantyre for sale
Shepherd Chartered Surveyors is marketing a prime multi-let industrial investment opportunity in Blantyre, South Lanarkshire, for sale with offers over £1million invited.
The properties are located within Whistleberry Industrial Estate, an established and popular industrial and distribution location with Blantyre, west of Hamilton, which serves as the major services and administrative centre for South Lanarkshire, eight miles south east of Glasgow city centre.
Blantyre has an excellent communications network with the A725 East Kilbride Expressway providing immediate access to Scotland’s motorway network, including the M8 to Glasgow and Edinburgh and the M74 to Carlisle and then south into England.
Both Glasgow and Edinburgh International Airports are within a 45-minute drive and the Euro Central Rail Freight Terminal is only six miles away.
Whistleberry Industrial Estate comprises of eight modern industrial units contained within three industrial terraces arranged around a central communal yard area on a 2.17-acre site.
Each unit features an attractive workshop/industrial space along with office accommodation, loading bay, dedicated car parking, with staff welfare and wc facilities.
Steve Barnett, managing partner at Shepherd, said: “There are immediate asset management opportunities available within the estate. We estimate the potential recovery value of the estate to equate to circa £128,791p.a. which would provide a reversionary yield of 12.18% based on the quoting price.
“Offers over £1,000,000 are invited which would reflect a net initial yield of 8.27% and a capital rate of £49.30 per square foot.”
The estate has planning consent for its existing use falling within Class 4, 5 and 6 of the Town & Country Planning (Use Classes) (Scotland) Order 1997. The properties may suit alternative uses subject to obtaining all necessary planning consents.
Interested parties should contact the sole sales agent on 0141 331 2807.
For further information please contact Steve Barnett on tel 0141 331 2807