Bellair Scotland buys Grangemouth site
Sunday, 12 December 2010 07:41
A Scottish property development company has snapped up a substantial site in Grangemouth.
Grangemouth SNP Councillor Angus MacDonald, the SNP's Economic Development spokesperson has welcomed the news that Bellair Scotland has bought the 1.8 acre site on Gragnemouth's South Lumley Street for £450,000 in a sale brokered by chartered surveyors DM Hall.
The site currently houses a 45,000 square foot warehouse, workshop and office complex.
Bellair intend to refurbish the complex, retaining its flexible accommodation with a view to ultimately attracting a wide range of prospective tenants.
Councillor MacDonald said:
"It is encouraging in the current economic climate that property deals are still being successfully concluded, and this deal highlights the popularity of Grangemouth for commercial property, given it's excellent links to the Central Scotland transport infrastructure. This particular deal is welcome as Belair Scotland intend to refurbish the exisiting premises and create top quality units."
Mike McIntyre of DM Hall said: "This site is in an excellent location particularly in terms of access to the M9.
"This will undoubtedly underpin its attractiveness to tenants and the refurbishment will put the buildings in the top tier of whats available in the market.
"It is pleasing to see that there is still demand for well located space despite current economic difficulties."
Currently, Forth Yacht Marina occupies the site, using it for sales, storage, repairs and chandlery services.