fbpx

News & Blog

Read the latest business news, blogs and thought leadership articles from our members, as well as updates on the Edinburgh Chamber of Commerce's work in the city.

News & Blog

Ryden completes the sale of multi-let industrial investment in Cambuslang, Glasgow for £1.125m.

Posted: 3rd February 2020

Acting on behalf of Danobe, Ryden has sold the Heritable Interest in Block 9, Clydesmill Industrial Estate, Cambuslang, Glasgow to Cable Properties and Investments Limited for £1.125m, reflecting a net initial yield of 7.75% and a capital value rate of £85 psf.

The property comprises a terrace of five units totalling 13,187 sq ft, with unit sizes ranging from 1,864 sq ft to 3,816 sq ft. It is also part of Cambuslang Investment Park, located approximately 6 miles south east of Glasgow City Centre.The premises are fully let to tenants including Craighead Building Supplies Ltd and Clyde Document Imaging Ltd with a WAULT of 7 years to expiry and 5.6 years to break.

Derek Archer, Investment Associate at Ryden, commented on the deal:

”Given the strong prevailing demand for industrial stock as well as the asset’s prime location, the property was very well received within the market and attracted around half a dozen bids at closing date.”

Ryden represented Danobe in this transaction, while Avison & Young acted on behalf of Cable Properties and Investments Limited.

 

Business Comment

Business Comment is the Edinburgh Chamber of Commerce’s bi-monthly magazine. It provides insight on Edinburgh’s vibrant business community, with features on the city’s key sectors, interviews with leading figures and news on new business developments in the capital.
Read more here