The entire Europark complex is contained within an irregular shape, and generally level landholding, extending to approximately 6 hectares (15 acres). The subjects comprise a series of 6 industrial and office properties, which we would briefly summarise as undernoted:-
Unit A - This is a detached single storey office property lying towards the front of the site. This property is at present vacant.
Unit B - This is a detached single storey industrial and office property, part occupied by SST Sensing to the front, and by Autoclyde
Truck Maintenance to the rear.
Unit C - This is a detached older style industrial building and secure landholding, presently occupied by Robb Vehicle Services.
Unit D - This is an attached more modern industrial property, presently vacant.
Units E & F - This is the largest of the industrial properties and comprises 2 interlinked units, together with a level landholding, occupied at present by Eterniti Steels Ltd. The tenant has submitted plans to extend the unit.
Balfour Beatty Unit - This unit, occupied by Balfour Beatty, adjoins Units E & F to the gable elevation and provides a modern 2 storey office towards the front with a relatively modern industrial building lying to the rear, plus a landholding extending to around 6 acres.
Location
The subjects are situated to the north of Reema Road, approximately half a mile to the north east of the centre of Bellshill, which itself lies around 13 miles to the east of Glasgow city centre. The surrounding area is a well established industrial location with the subject site overlooking the Mossend Railhead to the north and the former Corus manufacturing facility directly to the south. Reema Road links with the A775 Main Street to the south west, this in turn affording convenient access to the A725 Bellshill bypass and the M8/M74 motorway network.
Accommodation
Unit A - Vacant - 4,840 sq ft
Unit B Front - SST Sensing Ltd - 7,096 sq ft
Unit B Rear - Autoclyde Truck Maintenance - 6,596 sq ft
Unit C - Robb Vehicle Services - 6,500 sq ft + 2.5 acres
Unit D - Vacant - 4,575 sq ft
Units E & F - Eterniti Steels Ltd - 27,145 sq ft + 1.15 acres
Balfour Beatty Unit - 21,000 sq ft + 6 acres
Total - 77,752 sq ft
Terms
Offers in the region of £XXX are invited. This would allow a purchaser a net initial yield of around 15.20% after allowing for purchaser’s costs at 5.8%.
Specification
• Complex of 6 industrial and office properties.
• Current rent generated £XXX per annum.
• Tenants include Balfour Beatty and Eterniti Steels.
• Offers in the region of £XXX
• Net Initial Yield 15.20%