Monday, March 20, 2024
Antler Property Investments buy into Hamilton Business Park
Antler Property Investments has acquired 2 buildings on Hamilton Business Park from Silverbank Development Company Ltd for £7.375 million, reflecting a net initial yield of 6.75%.
The two office buildings - Bothwell House and Waverley House, provide attractive open plan accommodation in a range of sizes from individual suites of 1,000 sq ft up to single floors of 8,000 sq ft.
The buildings are multi-let with a total income receivable of £526,558 secured against a number of excellent covenants, including Scottish Ministers, Forestry Commission, Bellway Homes, and Daks Simpson. Passing rents range from £11.50 - £15.15 per sq ft.
Hamilton Business Park is located approximately 10 miles southeast of Glasgow and is superbly positioned for Scotland's road network and is equally accessible from both Junctions 5 and 6 of the M74 motorway.
King Sturge advised the Second Antler Property Investments, whilst Silverbank Development Company Ltd was represented by Ryden.
The two office buildings - Bothwell House and Waverley House, provide attractive open plan accommodation in a range of sizes from individual suites of 1,000 sq ft up to single floors of 8,000 sq ft.
The buildings are multi-let with a total income receivable of £526,558 secured against a number of excellent covenants, including Scottish Ministers, Forestry Commission, Bellway Homes, and Daks Simpson. Passing rents range from £11.50 - £15.15 per sq ft.
Hamilton Business Park is located approximately 10 miles southeast of Glasgow and is superbly positioned for Scotland's road network and is equally accessible from both Junctions 5 and 6 of the M74 motorway.
King Sturge advised the Second Antler Property Investments, whilst Silverbank Development Company Ltd was represented by Ryden.
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