Building Briefs - May 14th
- Easdale brothers acquire commercial premises in £1m deal
Four large industrial units have been purchased in a £1 million deal by property developers Sandy and James Easdale.
The deal includes wwo industrial units and a large yard at Springkell Street in the Cartsburn area of Greenock, where the long-term tenant is River Clyde Homes’ building and maintenance arm Home Fix Scotland.
The acquisition of an 8,500 square feet industrial unit at Arthur Street in the town has also been completed. Currently occupied by plumbers’ merchant Graham, the unit will shortly be made available to let.
The latest deals further boost the Easdale family portfolio in Inverclyde, which includes a wide variety of commercial properties.
Other key development sites in Inverclyde include the £100 million regeneration of the former IBM site at Spango Valley as well as projects at Orchard Street and the proposed drive-thru at adjacent land in Cartsburn. All are currently awaiting planning approval from Inverclyde Council.
Sandy Easdale said: “We are pleased to be able to conclude the deal for these units which add to our existing our strategic investments in this part of Greenock. Both sites are ideally located close to the main A8 corridor through Greenock town centre and sit well within the current portfolio. These high-quality industrial units are welcome additions at a time when the industrial market in Inverclyde is in high-demand, and we look forward to working together with our new tenants.”
James Easdale said: “Our company has bought a number of commercial buildings in Greenock over the past five years, including the former Misco warehouse and Cappielow trade park. These have been solid purchases for the long-term and represent a different investment to the huge transformation projects we’re undertaking at Glenrothes, Spango Valley and the former Watt Brothers building. We want a diverse range of acquisitions and this latest deal adds to that mix.”
Marketing for the letting of the Arthur Street Industrial Unit is to be handled by Gourock-based commercial property specialist Bowman Rebecchi.
- Drum Property Group unveils G3 Square apartments
After months of lockdown and restrictions, Drum Property Group has unveiled its development of two and three-bedroom apartments at G3 Square in Finnieston.
Fife Hyland, communications director with Drum Property Group, said: “Life at G3 Square has so much to offer, and we wanted to help new homeowners make the most of living in Finnieston.
“The vibrant lifestyle complements the appeal of the highly sought-after homes which are designed for the way we live today, with spacious open plan kitchen and living areas as well as dedicated areas for working from home.”
The final homes will be ready to move into this summer and only five apartments are still available, each with its own distinctive appeal and a high level of specification with bespoke kitchens by the renowned Kitchens International and all appliances from Siemens.
- Temporary road closure on U3664 Whitechapel Road, Wick
Motorists are being advised by the Highland Council that there will be a temporary road closure on U3664 Whitechapel Road, closed between its junction with the A99 High Street and its junction with U3591 Miller Lane.
The closure will be in operation from 9:00 on Monday 17 May 2021 until 17:00 on 11 June 2021.
The road closure is necessary to create a safe working area to allow for the construction of a raised table.
Access will only be maintained for vehicles employed to carry out the works.
To avoid the road closure, an alternative route will be available via A99 High Street, U3494 St Fergus Road and U3591 Miller Lane.