Commercial Property News

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Thursday, August 10, 2023

Manchester Investment Company acquires Cumbernauld Industrial Property

Acting on behalf of Manchester based property Investment company Jaymar Estates Limited, King Sturge has acquired the long leasehold interest in this single-let industrial investment at 5 Drum Mains Park, Orchardston Woods, Cumbernauld.

The property extends to 31,000 ft2 and is let to iResponse Centres Limited until 31st May 2016 at a rental of 152,725 per annum.

The purchase price was 1.588 million which provided the purchaser with a net initial yield of 8.8%.

The vendors were represented by Montagu Evans and James Barr.