The complex comprises a group of modern single storey workshops, grouped around a courtyard. The properties are of modern brickwork construction having corrugated profile sheeted roofing. Each unit has a roller shutter vehicular access and there is excellent on site parking/yard.
Location
Swanston Street Industrial Estate is located on the west side of Swanston Street at the southern end of the street, to the south of Cotton Street and Shore Street. The property lies between the River Clyde and Dalmarnock Road within the Dalmarnock/2014 Commonwealth Games area. The property lies immediately to the south of the new Dalmarnock Station being upgraded as part of the substantial public and private sector investment and infrastructure works allied to the 2014 Commonwealth Games.
The complex is readily accessible to the M74/M8 accessed via the newly completed East End Regeneration Route immediately adjacent. Glasgow is Scotland’s main/retail centre having a population of 650,000 and a catchment of approximately 1.5m or thereby. The surrounding occupiers include Cotton Street Industrial Estate, Normack Spares, Morrisons Gym and Scottish Water.
Accommodation
The accommodation comprises 15 self contained workshops/storage units ranging in size from 1,100 sq ft / 102 sq m to 4,200 sq ft / 390 sq m.
Floor Areas
26,087 sq ft (2,424 sq m)
Terms
Income
The current rental income amounts to £XXX per annum, with a potential rental of £XXX per annum. The property is 100% let, the East End of Glasgow and the Dalmarnock area in particular have benefited from a program of public sector infrastructure improvements and this will continue until the 2014
Commonwealth Games opening. The area is now well connected to the Scottish motorway system.
Price
Offers over £XXX are invited for the property, which provides an initial yield of 11% increasing to 12% on rent reversions. We have allowed for normal purchasing costs.
Energy Performance Certificate
A copy of the EPC will be provided upon application.
Legal Costs
Each party will be responsible for their own legal costs and outlays including VAT incurred.
VAT
All prices, rents, premiums etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Date of Entry
By arrangement.
Specification
· 26,000 sq. ft. / 2,416sq m industrial complex
· 15 units
· 100% occupied
· Rent £XXX per annum
· Projected rent £XXX per annum