The property comprises 2 parallel ranges of workshops/factory units. The estate was developed fully 60 years ago of steel portal frame with brick infill and sheeted roof cladding. There is excellent on site visitor parking together with additional stores/ yards provided. The entire site/complex extends to 6 acres although one unit is excluded from the sale. The complex offers future redevelopment potential.
The space provided is budget no frills accommodation currently let at average rents of approximately £XXXpsf. The complex is currently running at 93% occupancy and the complex is obviously satisfying a niche demand in the market.
Location
Carntyne Industrial Estate forms a virtually unbroken complex on the east side of Carntynehall Road at the junction with Myreside Street. The complex incorporates Bainsford Street, Camelon Street and Banknock Street. The property is situated in Glasgow which is Scotland’s main commercial/retail centre, having a population of 650,000 and a catchment of approximately 1.5 million or thereby.
The complex lies approximately 2 miles to the east of Glasgow City Centre immediately to the north of Carntyne railway station and to the south of Edinburgh Road. Access to the M8 is readily available at Junctions 11 and 12. The immediately surrounding area comprises a mixture of industrial, residential and the Greenfield Park Care Home. Bellway Homes are developing their substantial Eastfield complex immediately to the west.
Terms
Price
Offers over £XXXmillion are invited producing an initial yield of 11.5%, increasing to 13% upon full occupancy allowing for normal purchasers 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
• 103,000 sq.ft. / 9,572 sq.m Industrial Complex
• 17 units
• 93% occupied
• Rent £XXX per annum
• Potential Rent £XXX per annum