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Property: 7 BUCHANAN GATE, STEPPS


7 BUCHANAN GATE, STEPPS

SOLD

  • Multi – let high quality office building totalling approximately 1,871 sq m (20,139 sq ft).
  • Rental Income £272,323 per annum (including top up).
  • Heritable interest.
  • Let to BDW Trading Ltd (group company for Barratt Homes and David Wilson Homes), ThyssenKrupp Elevator UK and Ticon Insulation Limited with an average unexpired term of 4.37 years.
  • Excellent location in a successful business park with a strong tenant mix and first class transport links.
  • Offers sought in excess of £2.45m reflecting a net initial yield of 10.5% with a reversion to 11.93% net of costs at 5.8% (£122per sq ft capital value).

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