Tuesday, 2 September 2008
Chartered surveyors report latest commercial property purchase
ACTING on behalf of private investors, Glasgow and Ayr-based chartered surveyors Allison Lightbody Waddell have recently purchased a mixed retail and office investment at 28 Nelson Street, Kilmarnock, Ayrshire.
The modern three-storey property (pictured above), which is fully occupied by Salon Services, Welcome Finance and Turning Point Scotland, was purchased for £630,000, representing a net initial yield of 7.5%.
Anthony Zdanowicz of ALW says: “Our clients are delighted with the purchase. The building has good asset management potential and at the price paid, represents good value for money. Ayrshire remains a good location for commercial investment despite the recent slowdown, and we are keen to purchase other buildings with similar potential.”
For further information contact Anthony Zdanowicz on 01292 430313.
Allison Lightbody Waddell
12 Barns Street
Ayr KA7 1XA
Contact: Anthony Zdanowicz
Tel: 01292 430313
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