A £1.1 million deal has been sealed for the purchase of a vacant commercial unit in Inverclyde by Sandy and James Easdale.
The 86,000 sq ft building, situated on the banks of the River Clyde in Greenock, was previously owned by computer reseller Misco UK until the company fell into administration in October last year.
The purchase by the Easdale family takes their recent property investments to more than £5million, which includes last month’s acquisition of Cappielow Trade Park for £3.1million.
The warehouse, located in the west end of the town adjacent to Royal Bank of Scotland’s mortgage processing centre, is to be marketed for lease by agents Breck Sutherland within the next few months.
Sandy Easdale said: “The unit was an important employment location in Inverclyde and it is pleasing to conclude the purchase that will eventually lead to the property being brought back into use.
“The building is in excellent condition and is estimated to have a rebuild value of £7million, which obviously made it an attractive opportunity at the purchase price. The facility enjoys an excellent location on the banks of the river, with the M8 close at hand, in an area where the demand for land is high.
“The plan is for our agents Breck Sutherland to identify potential leaseholders in the coming weeks and months and the decision will then be taken to rent to one party or possibly subdivide the unit.
“As we intimated when we purchased Cappielow Trade Park last month, we are intending to make substantial investment in commercial property over the coming months and years and these two purchases are likely to be the first of many deals to come.”
The property sits in Cartsdyke Avenue on the main arterial route running into Greenock. The M8 motorway is located just seven miles to the east of the site, with Glasgow International Airport reached within 20 minutes and Glasgow city centre within 35 minutes.
