South Gyle Trade Park put on sale
The multi-let light industrial property benefits from a mix of tenants.
The 5.0 hectare (12.3 acre) park has a total floor area of 12,974 square metres (139,650 square feet), comprising 18 trade counter units, three light industrial units, and a single office building. It is strategically located within the South Gyle industrial area on the western edge of Edinburgh, with excellent access to arterial roads.
Current tenants of the park include Network Rail, Thistle Timber and Building Supplies, Wolseley, GEOAmey, Martin Plant Hire, and CityFibre. The net contracted rent is £1.0 million per annum, representing an initial yield of 7.5%. The weighted average unexpired lease term is 8.1 years, with 7 years till the nearest break.
The park is being sold on a long leasehold basis with an unexpired term of 131 years. The selling agent for South Gyle Trade Park is Lismore Real Estate Advisors.
“This is a rare opportunity for investors to acquire a prime trade park asset, ideally placed in within the Edinburgh’s premier trade and light industrial location. South Gyle Trade Park offers a secure and well-diversified income profile, as well as significant opportunities to grow income through active asset management. This asset has great potential and we anticipate strong interest from a wide range of investors."
- Colin Finlayson, Director, Lismore Real Estate Advisors
The brochure for the South Gyle Trade Park can be viewed here.