Edinburgh///UK – Seafield Retail Park has been sold for £5.72 million to Crown Estate Scotland, marking one of the first retail warehouse investment deals in Scotland in 2026. The transaction was advised by Galbraith on behalf of vendor Rankeilour Properties.
Located around 3.5 miles northeast of Edinburgh city centre on a key arterial route, the fully let scheme comprises five units totalling approximately 24,800 sq ft and generates £428,630 in annual income.
The tenant mix includes Halfords, Greggs and Subway, alongside other operators, with a weighted average unexpired lease term of around 8.9 years. The asset also benefits from EV charging provision and a long-lease drive-thru unit let to McDonald’s, while relatively low passing rents offer potential for future asset management.
Rankeilour acquired the asset in 2020 and has since implemented asset management measures, including reconfiguring units and attracting new tenants. The sale reflects continued investor interest in the retail warehouse segment, supported by low vacancy rates and stable occupier demand in accessible, out-of-town locations.
Situated in an established commercial corridor between Leith and Portobello, the park is positioned within an area earmarked for significant regeneration and residential growth, including plans for up to 2,700 new homes in the immediate vicinity.
The transaction reflects broader market dynamics, with retail parks continuing to attract capital due to low vacancy rates, stable income profiles and strong occupier demand for accessible, out-of-town formats.
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