Edinburgh-based property investment specialist SRA Ventures is inviting potential buyers for a strong-performing industrial estate in Dumfries.
SRA acquired Lochside Court Industrial Estate last year and it has since been actively managed with a number of new lettings, resulting in a well-let, income-producing asset that is ideally suited to the needs of start-ups, established blue chip brands and corporate entities.
Notable lettings that have taken advantage of its excellent transport links have included Euro Car Parts, Aviagen, and Brown Pressure Washers, helping to generate a current income of £87,728.00 per annum with an estimated rental value of £95,000.00
Lochside Court offers eight units ranging in size from 1,500 sq feet to 8,793 sq feet, and at just three miles from Dumfries town centre, provides an ideal base for companies looking to serve the Dumfries & Galloway business community.
For any incoming purchaser, the estate has significant scope for future asset management opportunities – and it is expected to command strong interest.
SRA Ventures – founded and owned by Scots entrepreneur Shaf Rasul –owns and manages a diverse range of industrial, retail, commercial and mixed use asset properties across Scotland.
Mr Rasul said: “We have managed to turn this asset around within a year, and it now represents a strong income-producing investment opportunity with scope for future capital appreciation for the purchaser.
“I am delighted that Graham + Sibbald, who advised us on the purchase of this asset, are also advising us on its disposal.”
Associate at Graham + Sibbald, Graeme Millar said:“Lochside Court offers a unique opportunity for investors to acquire a modern, multi-let estate within a recognised industrial location in the town of Dumfries.
“The units within the estate offer a wide variety of options in terms of size and have proved extremely attractive to local and national companies.
“The current passing rent is presently set at £87,728 per annum but with the letting of the only remaining vacant unit the reversionary potential of the income is c.£95,000 per annum. I fully expect a strong level of interest from both local and national property companies looking to add to their existing portfolio.”
Murray Stewart, Head of Real Estate at Edinburgh-based Gilson Gray, said: “As retained legal advisors, we supported SRA Ventures on this sterling acquisition, and are pleased to once more be involved in its disposal.
“We expect that this high-performing site will mark an astute investment for the purchaser.”