Commercial Property
Galbraith investment team launch new high quality industrial investment sale
News 08 March 2024
The Galbraith Investment Team have recently launched the sale of 2 Ellismuir Way, Tannochside Park, Glasgow. The highly specified industrial and logistics property, located in one of Central Scotland’s most established parks, extends to 42,345 sq ft and has recently been let on a new ten-year lease to OLR Holdings Limited. The passing rent is £392,000 per annum and there is an RPI linked rent review at year five.
Our client is seeking offers in excess of £5,400,000 exclusive of VAT. A Purchase at this level would reflect an attractive Net Initial Yield of 6.81%.
The Team is highly active in the Industrial and Logistics Sectors and would be very happy to hear from you should you require assistance with existing property holdings or if you are considering a commercial property purchase.
Please contact either Jamie Thain or Will Sandwell for further information.
