The property is let at £388,261 p.a. to leading UK timber distribution business, National Timber Group and is their Scottish HQ, production and distribution hub.  The facility is sited at Junction 6 of the M9 Motorway on a generous 6.30 acre site and extends to 86,922 sq ft.  The lease provides 18.20 yrs income with no break options, the rent reviews are 5 yearly and linked to the change in RPI.

 

David Sanderson, Topland Investment Director said:

 

“We implemented our asset management strategy and restructured the lease following a purchase 4 years ago, this created the opportunity for a successful exit.”  

 

Will Sandwell, Investment Partner at Galbraith commented:  

 

“The market for industrial investment property remains buoyant the marketing campaign generated competitive interest due to the long lease and inflation linked rent review structure, a sought after commodity in the current climate.  Having advised Topland on the acquisition of this asset in 2018 it is great to be part of final stage of the business plan”.  

 

Galbraith advised Topland on the marketing and sale with legal advice provided by Dentons.