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Industrial Unit | To Let | 7 Palacecraig Street, C, 7 Palacecraig Street, Coatbridge, ML5 4RY

not specified / Industrial / General Industrial

To Let - £7.25 per sq ft

Available - Last updated: 22 November 2021

EPC Rating

EPC available on request.

Description

The property benefits from the following salient features:

Steel portal frame construction
Profile metal clad roof incorporating 10% filon rooflights
Re-wired in 2018
4.7m eaves height rising to approx. 5m at the roof apex
Ground level vehicular access doors to the front and rear (5 in total).
LED warehouse lighting
Office & staff welfare accommodation
Secure substantial rear yard extending to approximately 0.54 acres
Separate dedicated and secure car parking at front

Location

The North Lanarkshire town of Coatbridge is located approximately 11 miles east of Glasgow city centre.
Recent road infrastructure improvements have resulted in the surrounding area now being one of the best connected locations in Scotland.
The property lies in close proximity to the Shawhead Interchange providing access both onto the A8 and a direct route to the M74 (J5 - Raith Interchange) via the A725.
The property also lies a short distance from the newly upgraded M8 motorway at J7A providing direct routes to Glasgow and Edinburgh.
The Baillieston Interchange lies 2 miles to the west and is the main hub of the Scottish motorway network where the M8, M73 and M74 motorways converge.

The property is available to lease as a whole on standard Full Repairing & Insuring terms for a duration to be agreed between the parties.

Key Features

Refurbished in 2018, including new roof
Substantial secure yard (0.54 acres approx.)
Separate dedicated secure parking
Improved drive times following recent completion of road infrastructure upgrade works
M8, A8 and A725 all within 1 minutes’ drive
Fast and easy access to M74 (J5 - Raith Interchange)
Main road frontage onto A725 Whifflet Street

Rateable Value

The property is entered in the current valuation roll with a Rateable Value of £42,000.

Estimated rates payable (2021/22) is £20,580 p.a.

All rating enquiries should be directed to Lanarkshire Assessors department Tel:01698 476000.

Tenure

The property is available to lease as a whole on standard Full Repairing & Insuring terms for a duration to be agreed between the parties.

Rent: £112,700 per annum (£7.25 per sq ft).

Legal Costs

Each party will be responsible for bearing their own legal costs and in the normal manner the ingoing tenant will be responsible for any stamp duty land tax and registration fees.

VAT

All prices, premiums, rents, etc. are quoted exclusive of VAT.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let £7.25 per sq ft

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Contact agents

Iain Davidson

Colliers

0141 432 0323



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