The complex comprises a group of terraced modern single storey workshops/warehouse units formed in a courtyard. The properties are of modern brickwork construction having corrugated sheeted roofing. There is excellent on street parking and yardage available.
Location
Broad Street Industrial Estate is situated on the north side of Broad Street, and includes Forrrest Street, Rockbank Street and Rockbank Place. The complex lies between Broad Street and Crownpoint Road, at the junction with St Marnock Street, within the Bridgeton area of Glasgow. The property lies a short distance to the south of Gallowgate and to the north of London Road.
The Bridgeton area has been the subject of substantial public sector investment and infrastructure works, allied to the 2014 Commonwealth Games. The complex is readily accessible to the M8 lying to the north and via the East End Regeneration route linking to the M74 directly to the south. Glasgow is Scotland’s main commercial/retail centre, having a population of 650,000 and a catchment of approximately 1.5 million or thereby. The surrounding occupiers include Ace Fabrications, William Walker & Co.
Accommodation
The accommodation comprises 21 self contained workshops/ storage units ranging in size from 530 sq ft (49 sq m) to 2,200 sq ft (204sq m) approximately.
Floor Area
23,000 sq. ft.(2,137 sq. m)
Terms
Income
The current rental income amounts to £XXX per annum, with a potential rental of £XXX per annum. Details of leases, lease terms and individual rents are shown in the accompanying schedule.
General Comments
The East End of Glasgow and the Bridgeton 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 also now well connected to the Scottish motorway system.
Price
Offers over £XXXmillion are invited for the property, which provides an initial yield of 10.2% 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
• 23,000 sq. ft. / 2,137 sq. m Industrial Complex
• 21 units
• 100% occupied
• Rent £XXX per annum
• Projected Rent £XXX per annum