Manse Road

10 Manse Road, Corstorphine, Edinburgh EH12 7SN

Sector:

Retail

Size:

3,842 sq.ft on a site of 0.32 acres

Tenant(s):

Iceland Frozen Foods

Advisors:

HSA Retail (acquisition)
PMP (technical due diligence)
DCS (legal advice)

Acquired from:

MacTaggart & Mickel (advised by EYCo)

10 Manse Road, Corstorphine, Edinburgh EH12 7SN
Manse Road, Edinburgh
Manse Road, Edinburgh

Investment Rational:

Bellair’s acquisition of the retail site in Edinburgh’s Corstorphine adds another strategic asset to their portfolio, particularly considering its tenancy with Iceland Frozen Foods. Corstorphine’s status as a thriving community, coupled with a substantial catchment of 24,000 within a short drive time, indicates a strong market potential for retail businesses in the area.

The site’s value is further bolstered by alternative land use options, particularly the potential for residential development. By securing an option for residential development, Bellair positions the site as a long-term investment with the flexibility to capitalise on evolving market trends. This strategy not only ensures immediate cash flow through the retail lease but also provides the opportunity for significant appreciation in land value over time.

Overall, Bellair’s acquisition of the retail site in Corstorphine underscores their strategic approach to portfolio management, balancing immediate income generation with long-term growth potential. By leveraging the site’s alternative land values and catering to the needs of the local community, Bellair aims to maximize returns while maintaining a strong position in Edinburgh’s competitive real estate market.