‘Huge success story’ in Thornliebank, Glasgow on market

The park comprises a business centre, a two-storey office building occupied by East Renfrewshire Council, and a number of industrial units, all of which are fully let. It produces a current annual rent receivable of around GBP839,000 per annum and, at GBP9.5m, equates to a capital rate of GBP123 per sq ft. The park is now being marketed by DM Hall, one of Scotland’s largest independent firms of chartered surveyors, alongside joint agent Lapsley McManus.

Jonathan McManus, a partner of agency at DM Hall said: “Spiersbridge Business Park is a huge success story, providing highly sought-after flexible business space on the southside of Glasgow and little over a mile from the M77. This investment is ideal for new owners seeking secure income. “The current owners have built a strong product with a waiting list for the space within the estate from interested potential tenants.

“DM Hall and Lapsley McManus are seeking offers over GBP9.5m reflecting a yield of 8.28%.”

References

1. ^ Jobs go as Scottish discount website Kooble collapses (www.heraldscotland.com)