Crompton Way, Irvine
A distribution warehouse with surplus land and residential allocation
Crompton Way, Irvine
A 100,000 sq ft warehouse constructed in the 1980s. The tenant, Amer Sports UK Services Limited, pay £272,000 pa reflecting low £2.72 psf. Under the current Local Development Plan the site is partially zoned for housing with the balance of site zoned as General Urban.
Key Facts
- Acquired in August 2021 for £1,850,000 reflecting £113,000 per acre.
- Site extends to 16.37 acres site with 14% site coverage.
- The property is let to Amer Sports UK Services Limited until expiry in January 2028.
Project Highlights
- Detailed Planning Permission has been secured for 60 units over 5 acres of surplus land.
- January 2023 rent review achieved an uplift from £175,000 to £272,000 PA (55% uplift).
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