On behalf of a private investor, Ryden has sold a modern detached industrial warehouse at 5 Hagmill Crescent, Shawhead Industrial Estate, Coatbridge to existing tenant SST Sensing Limited. The property was sold for £540,000, reflecting a net initial yield of 9.4%.
The 1,284 sq m (13,824 sq ft) industrial property with office and ancillary accommodation was let to SST Sensing Limited at a rent of £53,000 per annum. Nearby occupiers include QEF Global, California Cake Company and Chemco.