14th November 2018

18-26 Candleriggs, Merchant City, Glasgow

The property comprises a fully let parade of restaurant and leisure units on Candleriggs, in the heart of The Merchant City. The property extends to 17,124 sq. ft. over ground floor only.


On behalf of the Clydebuilt Limited Partnership, Ediston acquired Merchant Square in January 2015 for a price of £2.4m reflecting a net initial yield of 8.8%.


  • Re geared one tenant to increase current passing rent and provide for a stepped rental to the next review.
  • Varied one operator’s lease to provide for a fixed uplift at the August 2016 rent review to increase income to the fund and establish a stronger tone on the parade.