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Investment Opportunity, Kinning Park Business Centre, Scotland Street West, Glasgow, G41 1BZ

9,715 Sq Ft / Offices / Investment

Withdrawn - Last updated: 27 April 2015

The complex comprises a former school and the main buildings date back to the early 1900s. The main building is of single storey brickwork construction having a sheeted roof and there is a 2 storey sandstone former janitors house now utilised as offices. The complex is served by excellent parking to both the front and also access from the rear on Sussex Street. In addition there is an extensive site forming the junction of Scotland Street West/Middlesex Street currently used for storage however ideally suited for development.

Location

The complex is situated on the north side of Scotland Street West, at the junction with Middlesex Street within the popular Kinning Park area lying immediately to the south west of Glasgow City Centre. The property overlooks the M8 which passes directly to the front and is readily accessible to both the motorway and Glasgow City Centre immediately to the east.  The immediately surrounding area comprises good quality commercial/industrial buildings including the Milnepark Trading Estate, Stanley Street Business Complex, B&G Rentals, Hugh Stirling and R&G Group. Glasgow is Scotland’s main commercial/retail centre, having a population of 650,000 and a catchment of approximately 1.5 million or thereby.

Accommodation

The complex comprises 20 units with uses ranging from children’s nursery, storage and office use. There is excellent parking servicing the complex.

Terms

Income
The centre comprises 20 units together with ancillary sites. A detailed schedule incorporating floor areas, tenants and rents are included in the appendix attached. The current income is £XXX 100% occupied.

Energy Performance Certificate
A copy of the EPC will be provided upon application.

Price
Offers over £XXX are invited providing an initial yield of 11% allowing for normal purchasers costs.

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

 · 9,715 sq. ft./903 sq. m Business Centre & Site

· 20 units

· 100% occupied

· Rent £XXX per annum


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