Edinburgh-based property investment specialist SRA Ventures is inviting potential buyers for two strong-performing industrial units in Sighthill, generating annual income of £85,436.
SRA acquired adjacent units 6 and 8 in Bankhead Crossway South last year and is now seeking offers in excess of £1,150,000 for outright ownership.
Back in March, the property investment company quickly agreed pre-let terms for the 8,856 square foot no.8 with Edinburgh-based Crystal S & Co – Scotland’s fastest-growing supplier of oriental wholesale food – in a deal lasting 15 years at £50,000 per annum.
Number 6 meanwhile continues to be leased to Alexander (Scotland) & Co Ltd which also signed a pre-let with SRA Ventures lasting for five years, returning the property to full usage for the steel stockholder, at a rent of £35,436 per annum.
Both units represent well-located income-producing assets that benefit from frontage to Bankhead Crossway South and Bankhead Terrace, and together are expected to command strong interest.
Sighthill is one of Edinburgh’s busiest industrial locations and is strategically located approximately four miles to the west of the city centre, close to Edinburgh Park, The Gyle Shopping Centre, Hermiston Gait Retail Park, and South Gyle Industrial Estate.
Sighthill further benefits from excellent transport links with easy access to the city centre via the A71, which connects to the A720 City Bypass and M8 and Scotland’s main motorway network beyond.
Edinburgh Airport is meanwhile situated approximately 10 minutes’ drive from the property. South Gyle and Edinburgh Park Railway Station are also within close proximity, whilst a tram stop is located just a short walk from the units.
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: “Both units represent a strong income-producing investment opportunity. They are excellent, versatile and well-positioned properties in the heart of Edinburgh where demand from large-scale users remains high.
“It was no surprise to me that tenants were quickly secured for these prime sites, generating value on all sides – and that will continue to be the case.”
Keith Watters at Graham + Sibbald, Keith said: “Units 6 and 8 offer a unique opportunity for investors to acquire income-generating assets within a recognised industrial location in the capital.
“They have proved extremely attractive to local and national companies.
“I fully expect a strong level of interest from such enterprises 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.”