A prominent business park on Glasgow’s Southside has been put on the market for offers over £9.5 million. Spiersbridge Business Park, located in Thornliebank, is being marketed by DM Hall and Lapsley McManus. The park, which spans 77,000 square feet of office and industrial space, generates an annual rent of approximately £839,000. This sale presents a unique investment opportunity, with the business park offering a secure income and a strong tenant base. The property is strategically located just ten miles from Glasgow city centre, making it an attractive proposition for potential buyers.
A Prime Investment Opportunity
Spiersbridge Business Park is a prime investment opportunity for those seeking secure income and a strong return on investment. The park, which was developed nearly twenty years ago, comprises a business centre, a two-storey office building occupied by East Renfrewshire Council, and several fully let industrial units. The current owners have successfully built a highly sought-after business space, with a waiting list of potential tenants eager to secure a spot within the estate.
The business park’s strategic location, just over a mile from the M77, enhances its appeal. This proximity to major transport links makes it an ideal location for businesses looking to establish a presence in Glasgow. The park’s success is reflected in its high occupancy rate and the steady demand for its flexible business spaces.
The sale of Spiersbridge Business Park is expected to attract significant interest from investors. With a capital rate of £123 per square foot and a yield of 8.28%, the property offers a compelling investment case. The strong tenant base and the park’s established reputation further enhance its attractiveness as a long-term investment.
Strong Financial Performance
The financial performance of Spiersbridge Business Park underscores its value as an investment. The park generates an annual rent receivable of around £839,000, providing a steady and reliable income stream for its owners. This strong financial performance is a testament to the park’s successful management and the high demand for its business spaces.
The park’s diverse tenant base, which includes both office and industrial occupants, contributes to its financial stability. This diversity reduces the risk associated with relying on a single type of tenant and ensures a more resilient income stream. The fully let status of the industrial units further highlights the park’s strong market position and the demand for its spaces.
Investors looking for a secure and profitable investment will find Spiersbridge Business Park an attractive option. The park’s proven financial performance, combined with its strategic location and high occupancy rate, make it a standout investment opportunity in the Glasgow area.
Future Prospects and Potential
The future prospects for Spiersbridge Business Park are promising, with potential for further growth and development. The park’s established reputation and high demand for its spaces provide a solid foundation for future success. The current owners have built a strong product, and the waiting list of potential tenants indicates ongoing demand for the park’s flexible business spaces.
There is also potential for further development within the park, which could enhance its value and appeal to investors. The strategic location of the park, close to major transport links and Glasgow city centre, provides opportunities for expansion and increased occupancy. Investors with a vision for growth and development will find ample opportunities to enhance the park’s value and secure a strong return on investment.
The sale of Spiersbridge Business Park represents a unique opportunity to acquire a prime business property with strong financial performance and future growth potential. Investors looking to capitalize on the demand for high-quality business spaces in Glasgow will find this property an attractive and lucrative investment.
