Address: 10 Manse Road, Corstorphine, Edinburgh, EH12 7SN
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), RBS (funding)
Acquired from: MacTaggart & Mickel (advised by EYCo)
Investment Rational: Bellair acquired this prominent retail site in Edinburgh’s Corstorphine as part of a wider portfolio of two sites leased to Iceland Frozen Foods. Corstorphine is a thriving community with a strong catchment of 24,000 within a five minute drive time. The site is underpinned by alternative land values with an option for residential, thereby positioning this as a long term hold with an immediate cash flow.