Buccleuch Property has announced the sale of Block 1 industrial unit in Cowlairs Industrial Estate, Glasgow, for £600,000 to Kelly Communications Pension Scheme Ltd. The wider Estate was originally acquired by Buccleuch Property in 2007 and since then has been part of a strategic asset management programme. Established tenants at Cowlairs include The NHS, Access Plus and Fresco Food.
The unit consists of 21,734 sq ft of industrial space and a 1.1 acre secured yard. The detached industrial unit fronts Carlisle Street and comprises a two-bay warehouse with generous office accommodation and a separate trade entrance. Located two miles north of Glasgow city centre, Cowlairs Industrial Estate boasts excellent connections east and west via the M8 motorway and north via the A803 and the M80 motorway.
Philip Eves, Director of Buccleuch Property commented: “The sale of Block 1 at Cowlairs Industrial Estate shows the continued strength of the industrial property market in Scotland’s central belt. As a strategic investor in many industrial properties UK wide, we are delighted to achieve the sale of this high profile unit following a successful asset management programme and seek further investment opportunities in this sector.”
FG Burnett acted on behalf of Buccleuch Property.