SIGNIFICANT ELEMENT OF MILNGAVIE RETAIL SOLD IN A SINGLE TRANSACTION
A large part of the pedestrianised retail area of Milngavie Town Centre has been sold by a London based investment firm to a Scottish investor in a single transaction.
CDLH, the Glasgow based firm of Chartered Surveyors, sourced the deal and acted on behalf of the purchaser. Peter Darroch, Director of CDLH, commented “We highlighted a fantastic opportunity in Douglas Street, Milngavie, where the retail parade, starting at the Royal Bank of Scotland and ending at M & Co. at the heart of Milngavie Town Centre, as an obvious opportunity for investment and enhancement”. Occupiers include Costa, Greggs, Timpsons and The Royal Bank of Scotland. The site also sits at the entrance to the West Highland Way.
CDLH acted on behalf of RR Four Ventures Limited, a Scottish based investment vehicle, with significant financial resources in the multi-million-pound transaction, who acquired the investment from a London based investment company. RR are represented by Richard Rae of Richieston property advisors.
Peter Darroch commented further “Many of the tenants are on long leases and the purchasers are now considering the long-term investment and opportunities for enhancing the overall asset and, indeed, Milngavie Town Centre, as part of an ongoing investment programme”.
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