Company News & Blog

20th August 2015
Published by: Dunfermline Press

Busy summer for Hardies with property in demand

Hardies Property and Construction Consultants provide their usual informative market round up ...

"SUMMER has almost been and gone and whilst the sun has not been shining as much as we would like, it has been a busy period for Hardies.  Whilst the market does normally tend to slow down slightly during the holiday period, it does not appear to have done so to the same extent this year.

"The industrial sector continues to perform well and there has been a steady stream of transactions within West Fife's premier industrial locations such as Elgin Industrial Estate and Pitreavie Business Park.  At Elgin Industrial Estate Unit 14d was let last month, the sixth letting this year at the estate and there are other lettings 'in the pipeline'.  Hardies are the letting agents on the estate and we presently have five units available at sizes up to 3500 sq ft.

"Demand for industrial property continues to be satisfied by the availability of older stock rather than new build accommodation.  Hardies recently completed the letting of a 6500 sq ft unit at 12b Ridgeway, Donibristle Industrial Estate, within two months of the property being placed on the market.  This is demonstrative of the demand for older industrial units which have been properly maintained/recently refurbished and there are numerous transactions of similar properties which have taken place recently within the area's established industrial estates.

"The demand for industrial property is heavily influenced by location in relation to the road transport network.  The ongoing construction of the Forth Replacement Crossing, now officially re-named the Queensferry Crossing, will have a huge positive impact on the attractiveness of the Bridgehead area as an industrial location.  Coupled with this we have the recent announcement of further multi-million pound joint investment by DFDS Seaways and Forth Ports for improvements in the roll-on/roll-off ferry route between Rosyth and Zeebrugge, and the potential exists for the area's industrial estates to not only compete with Edinburgh and the Lothians but to grow into the prime hub for industry in East Central Scotland.

"In other sectors, we are seeing increased activity in relation to town centre shops, although this is very much dependant on the particular location of the property.  For instance there has been a number of lettings on East Port over the course of the last 12 months and Hardies recently placed 36/38 East Port on the market for lease with the property going 'under offer' within two weeks of marketing!  There is also increased activity in the residential development market with interest growing in development sites which we have available across Fife.  We are now also witnessing positive movement in house prices fuelled by strong demand and a lack of new development in the pipeline.  Hardies currently have two substantial residential sites 'under offer' and others available for sale, both in and around Dunfermline and the wider Fife region."

Hardies serves clients in both the private and public sectors with a complete operation in property and construction development, including property valuation, building and quantity surveying and project management.  The firm also handles the leasing and sale of commercial and industrial building.

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