Major west Edinburgh industrial investment put up for sale
The 6,406 square metre (68,950 square foot) West Craigs Industrial Estate on Turnhouse Road in west Edinburgh has been put on the market for offers over £6,000,000.
The 1.8 hectare (4.5 acre) industrial estate comprises a total of 21 units (all benefiting from a three-phase electrical supply) along with secure yards and car parking. The units are leased to a variety of tenants including Dulux, Euro Car Parts, Jewson, and Sky, with a WAULT of 5.4 years and total annual rent of £472,567. The selling price represents a net initial yield of 7.33% after purchaser's costs and LBTT.
Strategically located close to the trunk road network and to Edinburgh Airport, the industrial estate also has redevelopment potential. The surrounding area is currently seeing a residential-led mixed use development including around 1,700 homes along with a new primary school and amenities. Additional adjacent land is available separately.
The selling agent for the property is Ryden. Further information can be found here.