The property benefits from two retail car parks and a basement car park under the office building providing up to 300 car park spaces in total. The site area totals approximately 5.75 acres.
PURCHASE
On behalf of the Clydebuilt Limited Partnership, Ediston acquired Shawlands Shopping Centre in February 2016 for a price of £6.8m reflecting a net initial yield of 10.47%.
ACHIEVEMENTS
- Undertaken several short term lets and lease regears to stabilise income until wider redevelopment can be considered.
- Completed a feasibility study with the design team to assess redevelopment and other “value add” options.
