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Follow on Google News | Two industrial units bought for £1.2m at Calder Park, CoatbridgeActing on behalf of a private investor client, Ryden has acquired the long leasehold interest in two modern multi-let industrial investments at Calder Park, Coatbridge.
By: Ryden The buildings, namely Unit 7B and 7C, extend to approximately 22,356 sq ft and 13,505 sq ft respectively and are let to TNT and McGregor Young on short to medium term income profile with a total rent roll of £163,000 per annum. The combined purchase price is £1.2m, reflecting a net initial yield of 12.84%. Lambert Smith Hampton and Smiths Gore acted for the vendor, a private client managed by Tritax Assets. -ends- Notes to Editors Ryden is an independent commercial property firm operating a full-service practice. Service lines include Agency & Development, Investment & Finance, Professional, Building Consultancy, Property Management and Consulting. The firm is headed by Fiona Morton, Managing Partner and has around 140 people, including 29 partners and 24 associates. Ryden has offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness. Some recent awards include: • Property Week’s Industrial Agency Team of the Year (Scotland) 2009 • EGi’s Most Active Agent in Scotland 2010 • EGi’s Most Active Industrial & Distribution Agent in Scotland 2010 • EGi’s Most Active Office Agent in Scotland 2010 For more information see http://www.ryden.co.uk Search through the investment properties we are currently marketing: http://www.ryden.co.uk/ # # # Ryden is the largest independent commercial property consultancy in Scotland and the North of England. We have 33 Partners and over 140 staff across six offices in Edinburgh, Glasgow, Aberdeen, Leeds, Dundee and Inverness. End
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