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05/06/2009

CB Richard Ellis Announces Sale Of Industrial Unit In Hillington

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On behalf of Agiatt Limited, leading property consultant CB Richard Ellis (Scotland) has completed the sale of 24 Queen Elizabeth Avenue in Hillington Industrial Park, Glasgow for £275,000.

The property extends to 10,197 sq ft (947 sq m) on a site of approximately 1.08 acres. The property comprises two adjoining warehouses of traditional construction and a two storey extension comprising office accommodation.

David Rolwegan, Associate Director of Industrial, CB Richard Ellis (Scotland) said: "We put this property on the market in early Spring so we are encouraged that it has sold so quickly, proving that demand still exists for the right property."

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The property is now occupied by Fusion Pipeline Products (Scotland) Limited and will complement their current business operations in Broxburn and will be in addition to their existing Irish operations.

Gary Kininnmont, Director, Fusion Pipeline Products (Scotland) Limited, said: "The property is ideally suited to the distribution of pipeline and building materials and will provide us with an ideal base for servicing our customers in West and Central Scotland and will operate closely with our Broxburn depot to ensure we effectively and efficiently service our Scottish customers."

The property is situated on the south side of Hillington Industrial Park, one of Glasgow’s prime industrial locations, and benefits from a good provision of public transport, providing both bus and rail links to Glasgow city centre and the surrounding towns.

CBRE (Scotland) and Maclay Murray and Spens LLP represented Agiatt Ltd, while the purchasers were represented by Holmes Mackillop.

(GK/JM)

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