• Opportunity arose to acquire a trade counter investment in a prominent location in Coatbridge.

• The property was fully let to Brandon Hire Limited and City Plumbing off relatively low base rents, with a short average unexpired lease term of 2.3 years.

• Rankeilour agreed a surrender premium with Brandon Hire Limited and subdivided the existing 10,102 sq. ft. increasing the parade from two to three trade counter units.

• An Agreement for Lease was secured with Screwfix for unit 1, with Toolstation subsequently taking unit 2.

• A rent review and subsequent 10-year lease extension were agreed with City Plumbing in unit 3, providing a WAULT on the estate of 12.00 years (5.29 years to breaks).

• Following the successful execution of the business plan, the property was brought to market and sold for £2.15m, reflecting an IRR of 13.93% (pre-fees).

*IRRs are stated before performance fees. All other associated fees are included.