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The freehold of this rarely available land is available to purchase at Kelburn in Port Glasgow. Providing over 0.5 acres, the site comes with Planning Permission for seven industrial units and sits on the edge of the highly successful Kelburn Business Park adjacent to the A8.
The land is ideally located on the edge of the entrance from and exit to Inverclyde with easy access to the main motorway and forms part of the wider estate that hosts several global brands.
The planning permission is to create 7 light industrial units ranging between 665-1,000 sq ft of which there is high demand locally.
Our client has several supporting documents available to share with interested parties, including Flood Risk Assessment, Topographical, and Drainage strategies for interested developers.
Industrial property is highly popular in the Inverclyde area and this size of land is rarely available to purchase, making this a great opportunity for the right owner.
INVESTMENT
The demand to own property in Inverclyde is strong, with the units likely to command approximately £8-9k per annum once developed from a new tenancy, making this an attractive investment opportunity providing an income of c.£55k per annum.
With a combined acquisition and development cost of c.£350k, this land would offer a yield of 15-16% per annum.
Demand is high for Industrial sites and land in both Port Glasgow and Inverclyde and it is rare for a piece of land like this to come to market. As a result, we expect to see a high level of interest.
VIEWING
The site is accessible to the public currently. Accompanied viewings can be arranged by appointment with Bowman Rebecchi.
Location
The subjects are accessed off of Parklea Road at Woodhall roundabout which is accessible from the A8/M8. The subjects are located approximately 10 miles from Glasgow Airport (a 13-minute drive) and 19 miles to Glasgow City Centre (a 24-minute drive).
Nearby occupiers include PEAK Scientific Group, AGM Group, The Start-Up Drinks Lab, and Love & Humphries.
Port Glasgow’s population is approximately 16,617 and has undergone a regenerative transformation over the past decade to become a vibrant town on the banks of the River Clyde, within the authority of Inverclyde Council.
With a rich heritage within the shipbuilding industry, the town continues to build ships at the nearby Ferguson Shipyard, nationalised by the Scottish Government in 2019.
The town is reaping the benefits of having a large retail park constructed next to this site by Ediston, with tenants including Tesco, M&S, Next, B&Q, B&M, Aldi, and McDonald’s.
Port Glasgow benefits from excellent road and rail links and is accessed via junction 31 of the M8 motorway with direct links to Paisley and Largs via the A8 and A78.
Woodhall train station lies adjacent to the property and there are regular bus routes connecting to both Glasgow and Greenock.
Accommodation
PLANNING
Planning permission was granted by Inverclyde Council in September 2023 (22/0034/IC) to erect 7no units for Class 5/6 use, with the plans approved to create 6no units at 1k sq ft and 1no unit at 665 sq ft.
SAT NAV DIRECTIONS
The postcode for the property is PA14 6TD. Access is from Kelburn Road, which is accessible from the Parklea bridge at Woodhall Roundabout or from the A8 taking the first left turn.
MEASUREMENTS
The on-site measurements, measured in accordance with the RICS Code of Measuring Practice (6th Edition), calculate the subjects extend as follows:
Total - 2,163 sq m | 23,282 sq ft | 0.53 Acres
Terms
RATES
From the Assessor’s website, we note the subjects are not included in the current Valuation Roll. We would expect the units once developed to qualify for 100% rate relief through the Small Business Bonus Scheme, subject to occupier status.
ENTRY
An early sale is available.
CLASS USE
Class Use 5, and 6 (General Industrial/Storage or Distribution)
PRICING
Offers are invited for the purchase of our client's freehold in the property, with an asking price of offers over £125,000, excluding VAT.
LEGAL COSTS
Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax
ANTI-MONEY LAUNDERING
To comply with anti-money laundering legislation, the successful purchaser will be required to provide certain identification documents.
For further information, please contact Bowman Rebecchi.
Specification
- Freehold Purchase Opportunity
- Rarely Available Land
- Planning Permission For 7 Units Totalling 6,665 Sq Ft
- 100% Rates Relief Available Subject To Status
- Instant Access to A8/M8
- Close to Amenities
- A8/M8 - 1 Minute Drive
- Port Glasgow Town Centre - 3 Minute Drive
- Greenock Ocean Terminal - 10 Minute Drive
- Glasgow Int Airport - 13 Minute Drive
- Glasgow City Centre - 23 Minute Drive