Manse acquire a new site in Irvine

Manse LLP, a privately-owned property company based in Edinburgh, is pleased to announce their latest acquisition in Irvine, North Ayrshire, a town located south west of Glasgow with a population of 40,000.

Manse has acquired a 101,622 sq.ft distribution warehouse located on 16.7 acres of land west of the town centre. The building is currently let to Amer sports for a further 6.5 years

The property sits adjacent to a new housing estate that is under construction and it is hoped that the site will provide alternative uses, once the current occupier leaves at the end of their lease.

 

David Mitchell, Managing Partner of Manse commented “I am delighted with our latest acquisition that gives us a healthy income stream whilst there are opportunities to add value in the future, through a potential change of use. This is just the type of deal that we are seeking, where there is latent value to be release through a change of use. We have substantial funds available for more deals like this one.”