DM Hall is marketing Spiersbridge Business Park in Thornliebank alongside joint agent Lapsley McManus.
The 77,000 sq ft of office and industrial space, just ten miles from Glasgow city centre, produces a current annual rent receivable of around £839,000 per annum and at £9.5million, equates to a capital rate of £123 per sq ft, DM Hall said.
Conceived, constructed, and operated by Scotland-based developers largely from their own resources almost 20 years ago, the business park comprises a business centre, a two-storey office building occupied by East Renfrewshire Council, and a number of industrial units, all of which are fully let.
Jonathan McManus, a partner of agency at DM Hall, said, “Spiersbridge Business Park is a huge success story, providing highly sought-after flexible business space on the southside of Glasgow and little over a mile from the M77. This investment is ideal for new owners seeking secure income.
“The current owners have built a strong product with a waiting list for the space within the estate from interested potential tenants.
“DM Hall and Lapsley McManus are seeking offers over £9.5 million reflecting a yield of 8.28%.”
