Brucefield Industrial Estate, Brucefield Industrial Estate, Livingston, EH54 9DH

Summary

Strategically Located Prime Multi-Let Industrial Investment Opportunity

Investment Summary

• 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