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Stockbridge Retail Park, Falkirk Road, Linlithgow, EH49 7AS

55,876 Sq Ft / Retail

Withdrawn - Last updated: 30 April 2020

Investment SummaryLinlithgow is a well-established and affluent West Lothian commuter town located approximately 20 miles west of Edinburgh and 7 miles east of Falkirk;Linlithgow is the fourth largest town in West Lothian and has expanded rapidly due to its strategic location between Edinburgh and Glasgow;The town benefits from excellent transport links to the main Scottish motorway network as well as having a principal station on the main Edinburgh/Glasgow rail line;Stockbridge Retail Park is the only retail park servicing the local area and is in a cluster close to the town centre along with Sainsburys and Aldi foodstores;The park has attracted a strong tenant line up of B&M, Brantano, Pets At Home, Argos and Peacocks;Current income of 728,000 per annum with a WAULT of approximately 7.13 years to break options;Opportunity to add value through constructing pod units in the car park and opening the consent to include food trade, subject to planning;The park enjoys strong levels of occupancy and trading performance, demonstrated by the recent upsizing of B&M from Unit 3 to Unit 1 and immediate re-letting of Unit 3 to Pets At Home.Heritable interest (Scottish equivalent of English Freehold).Offers in excess of 9,790,000 (Nine Million, Seven Hundred and Ninety Thousand Pounds Sterling) are sought for our clients Heritable interest, subject to contract and exclusive of VAT.A purchase at this level would provide a net initial yield of 7.00%, based on purchasers costs of 6.20%.

Location

Stockbridge Retail Park, Falkirk Road, Linlithgow , EH49 7AS, West Lothian, Scotland


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