Acting on behalf of Peter Stevens Estates Ltd, Reith Lambert has advised on the acquisition of 25 Eagle Street, Glasgow, on a sale and leaseback basis. The property is let to Elmwood Projects Ltd for 15 years (TBO year 10) at a passing rent of £114,400 pa (£6.25 psf).

The purchase price of £1,200,000 reflected a net initial yield of 9.04% and a capital value of £65.53 psf.