Strategically Located Prime Multi-Let Industrial Investment Opportunity
Brucefield is one of Scotland’s largest industrial estates held under single ownership. Modern industrial units extending to a total floor area of 557,518 sq ft, with units ranging from 3,045 sq ft to 37,431 sq ft. Current passing rent of £1,792,789 per annum reflecting an average passing rent of £4.38 per sq ft. Currently 73% let to tenants including Deutche Windtechnik, PHS Group, EDF, Zonal, SCC, Diet Chef and Ashtead Plant Hire. Over £1 million spent on refurbishment and upgrading. Total site area of approximately 64.88 acres. Heritable (Scottish Equivalent of English Freehold).
Offers in excess of £19.16 million are sought, subject to contract and exclusive of VAT, for our client's heritable interest. A purchase at this price reflects the following yield profile, after purchaser's costs of 6.25%:
Net Initial Yield: 8.81%
Triple Net Initial Yield: 6.75%
Reversionary Yield: 12.38%
Equivalent Yield: 10.23%
Very Low Capital Value per sq ft: £34.36