Home Fix Scotland premises change hands in £1m deal
Four large industrial units, two of which host River Clyde Homes’ building and maintenance arm Home Fix Scotland, have been purchased in a £1 million deal.
Property developers Sandy and James Easdale have acquired two industrial units and a large yard at Springkell Street in the Cartsburn area of Greenock, where Home Fix Scotland is a long-term tenant.
The acquisition of an 8,500 square feet industrial unit at Arthur Street in the town has also been completed. Currently occupied by plumbers’ merchant Graham, the unit will shortly be made available to let.
The latest deals further boost the Easdale family portfolio in Inverclyde, which includes a wide variety of commercial properties.
Other key development sites in Inverclyde include the £100 million regeneration of the former IBM site at Spango Valley as well as projects at Orchard Street and the proposed drive-thru at adjacent land in Cartsburn. All are currently awaiting planning approval from Inverclyde Council.
Sandy Easdale said: “We are pleased to be able to conclude the deal for these units which add to our existing our strategic investments in this part of Greenock. Both sites are ideally located close to the main A8 corridor through Greenock town centre and sit well within the current portfolio. These high-quality industrial units are welcome additions at a time when the industrial market in Inverclyde is in high-demand, and we look forward to working together with our new tenants.”
James Easdale said: “Our company has bought a number of commercial buildings in Greenock over the past five years, including the former Misco warehouse and Cappielow trade park. These have been solid purchases for the long-term and represent a different investment to the huge transformation projects we’re undertaking at Glenrothes, Spango Valley and the former Watt Brothers building. We want a diverse range of acquisitions and this latest deal adds to that mix.”
Marketing for the letting of the Arthur Street Industrial Unit is to be handled by Gourock-based commercial property specialist Bowman Rebecchi.