A Lanarkshire industrial estate has been sold to a property investor in a £4.6 million deal.
Western Campus at Strathclyde Business Park, Bellshill, has been bought by Stenprop from previous owner Central Assets.
The site, which was built in 2016, totals 44,234 sq ft across 15 industrial units and is currently 75% let. The total annual passing rent of £333,454, which includes rental guarantees on the two of the three vacant units, equates to a rent of £7.98/sq ft. Stenprop was advised by Colliers and Central Assets by Ryden.
Stenprop has also acquired the Merryhills Enterprise Park in Wolverhampton from two private investors for £2.5 million.
Julian Carey, Stenprop's executive property director, said: "Both Western Campus and Merryhills Enterprise Park are modern, purpose-built industrial estates located in densely-populated areas with strong demand-supply characteristics.
“We believe both provide an excellent opportunity to add value and grow income using our Industrials operating platform by delivering an excellent customer experience and leasing the vacant space".
