STRONG investor interest is anticipated in a multi-let trade park in Edinburgh which has been put up for sale.
South Gyle Trade Park has been brought to market by Lismore Real Estate Advisors, on behalf of investment giant abrdn, with a price-tag of offers over £12.8 million.
Lismore said the property was based in the city’s “premier industrial location and offers an attractive income profile, as well as strong asset management opportunities to increase both income and capital value”.
The park is set on a 12.31-acre site and split into four distinct components, with an overall floor area of 139,650 square feet, set across 18 terraced and solus trade counter units, three light industrial units and a single office building of 4,172 sq ft. It also fulfils a “last-mile” function given its location to key motorway infrastructure and Edinburgh’s arterial road network, Lismore added.
READ MORE: Property veteran to retire after 35-year spell with JLL
Colin Finlayson, director of Lismore Real Estate Advisors, said: “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.”
Tenants at the park include Network Rail, Thistle Timber & Building Supplies, Wolseley, D&G Autocare, Geo Amey, Martin Plant Hire, Dofos and CityFibre.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here