
Ediston has acquired 123-129 Buchanan Street, Glasgow as its latest purchase on behalf of Clydebuilt Limited Partnership for £16m in an “off market” transaction with Abrdn. The purchase price reflects a net initial yield of 7.93%.
The property occupies a prominent, 100% prime position on the west side of Buchanan Street, close to its junction with St Vincent Street in the heart of Glasgow City Centre and comprises a substantial, traditional Grade B listed sandstone building arranged over four floors and basement. The core income is secured over three retail units fronting Buchanan Street, let to Hobbs, Tiso and The White Company and a hair salon at first floor let to Fleeson and Robb. There is also office accommodation on
Read More