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West Avenue, Phoenix Park, Paisley
20,019 Sq Ft / Industrial / Investment
Sold - Last updated: 28 February 2017
Good quality warehouse investment which is currently let to DHL International (UK) Limited on a 20 year full repairing lease, scheduled to expire April 2021. The passing rent for the property is £XXX per annum.
Location
Paisley is located approximately 12 miles west of Glasgow and is the principal population and administration centre for Renfrewshire. Phoenix Park is located approximately 2 miles west of Paisley town centre and lies A737 Linwood Road, thereafter providing direct access to the M8 motorway, the principal motorway link between Edinburgh and Glasgow
Accommodation
The warehouse unit is a purpose built distribution facility. The unit provides good quality accommodation incorporating 7m eaves and access is by way of 3 electrically operated roller shutter doors. The property incorporates generous yard provision and 41 car parking spaces. Office accommodation is arranged over ground and first floor levels.
Terms
Our clients are seeking offers in excess of £XXXm for the investment, representing a net initial yield of approximately 9%. Further details can be obtained on application to the sole marketing agents
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