7th July 2010 back to news

Fallside Industrial Estate Investment Sale

Acting on behalf of Ernst & Young LLP, Graham + Sibbald is delighted to announce the recent disposal of the multi let industrial investment in Bothwell to Blue Water LLP in a deal worth around £2million.
Located on Fallside Road behind the M74 Bothwell Services, Fallside Industrial Estate provides in excess of 100,000 sq ft of accommodation split between 4 properties, one of which is currently vacant. 
Following the closing date in 2009 and the conclusion of missives in March 2010, the investment has continued to attract interest from local investors and some in London.  Commenting on the sale, Scott Darroch, Head of Commercial Agency Glasgow said “This sale further bolsters that there remains an unsatisfied appetite for the right product despite the tightening of funding.  The interest expressed in the property post April indicates that the investment market is strengthening and that commercial property continues to be a viable investment.  The vacant unit on the estate generated several enquiries from firms demonstrating Bothwells continued popularity as a location.”
Further information is available from Graham + Sibbald Glasgow, or Jones Lang LaSalle Glasgow, who acted for the purchaser.