Commercial Property News

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Monday, February 20, 2024

Landteam buy into Houstoun Industrial Estate, Livingston.

Acting on behalf of clients Landteam, the Edinburgh office of Drivers Jonas has acquired six industrial buildings and one office building at Nettlehill Road, Houstoun Industrial Estate, Livingston for a price in the order of 2M.

The buildings, which total 85,000 sq ft, were purchased from ProClad International on a sale and leaseback arrangement of approx 50% of the accommodation. In addition, two warehouse units totalling 13,000 sq ft have been let to SeaMark Systems Ltd on a ten-year FRI lease.

The site will now be re-branded as Telford Square Business Park with the vacant units available to let with a programme of refurbishment and landscaping works currently taking place.

The vacant accommodation extends to 23,000 sq ft between two buildings, with a further unit of 8,500 sq ft becoming available in May 2006. Drivers Jonas and Andrew Reilly Associates have been instructed to dispose of the vacant units.