FOLLOWING its appointment by BDO, receivers of Strathcrown Ltd and administrators of Primeshore Ltd, to sell two residential and commercial property portfolios, Shepherd Chartered Surveyors has set a closing date of 12 noon on Wednesday 12 October with offers in excess of £2 million invited.
The Strathcrown portfolio comprises 12 traditional residential dwellings, partly let, in various Glasgow and Paisley locations.
Whilst the preference is to sell the portfolio as a whole, consideration will be given to individual disposals.
The Primeshore portfolio comprises 17 one and two-bedroom flats, partly let, in locations throughout Glasgow, as well as a retail unit at 628/630 Pollokshaws Road on the southside of the city and a restaurant at 23/25 Gibson Street in the West End.
The retail unit comprises the ground floor and basement of a four storey tenement building while the restaurant occupies part of the ground floor, basement and sub-basement of a traditional four storey tenement.
Steve Barnett, commercial partner at Shepherd’s Glasgow office, said: “This sale represents a tremendous opportunity for an investor to acquire an existing property portfolio, part income-producing, part vacant.
“The portfolios have already generated much interest and we are inviting prospective purchasers to submit offers for either both portfolios, a single portfolio or for individual properties.”
A data room has been set up with Dundas & Wilson solicitors to provide any interested parties with information prior to the closing date.
ENDS
For further information please contact Steve Barnett at Shepherd tel 0141 331 2807
Issued on behalf of Shepherd by Liquorice Media tel 0141 561 4018 www.liquorice-media.com
Date 29th September 11.
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