DEAL Reached For Sale Of Commercial Property

AN industrial unit in Inverclyde has changed hands as part of a multi-million pound deal.

Commercial property agents Ryden, acting on behalf of M2M Assets Ltd, announced the sale of premises at Kelburn Business Park, Port Glasgow, and Queenslie Park, Glasgow, to Vardy Property Group.

The portfolio achieved considerably better than the quoting price of £2.9million.

Both properties are currently leased to AMG Group Ltd, the parent company of the Vango Group, one of the UK’s leading camping and outdoor equipment manufacturers.

Ian Dougherty, investment partner at Ryden, said: “We are delighted to have achieved a successful sale ahead of our asking price, following a competitive bidding process, and this confirms the continued appetite for assets offering solid income together with development and asset management opportunities.”