London Road Trade Park in Glasgow sold for £1.69m
On behalf of a private client, Ryden has acquired the heritable interest in the London Road Trade Park in Glasgow for £1.69m. The price reflects a net initial yield of 8.7%.
The trade park is a modern development of five trade counter units totalling 22,096 sq ft. It is currently let to tenants including Howdens, Wurth, A. Andrew & Sons and ICI Dulux. The average unexpired income across the property is more than five years, Ryden says.
RJ Pearson Property Consultants acted for the vendor, a private investor.
