14th February 2017 back to news

104-104a Market Street, Musselburgh

104-104a Market Street, Musselburgh

 

On behalf of a retained private investor the National Investment Practice has recently acquired the industrial investment let to Magnet Plc and Baileyfield Parking Limited. The property was identified as an opportunity for our client prior to the commencements of formal marketing.

The investment team led by Sandy Gilmour undertook market analysis on industrial supply/ demand and advised on pricing prior to the closing date.

The Building Consultancy Practice were subsequently retained to the pre-acquisition survey and we liaised their legal advisors throughout. The property was acquired in December at £1,300,000 equating to a yield of 8.89%.