This substantial commercial property investment in Old Kilpatrick spans 27,652 sq ft and is situated in the vibrant West Dunbartonshire area. Its strategic location offers excellent access to transport links, making it a versatile asset. Standout features include ample space suitable for various business ventures and potential for strong return on investment.
Location
Old Kilpatrick is separated from the north bank of the River Clyde by the Forth and Clyde Canal. It is located approximately 9 miles West of Glasgow city centre and within Scotland’s largest labour catchment (1.8 million population within the Glasgow city region), supplemented with steady student numbers. The location also enjoys good transport links via the A82, with Glasgow Airport within a 15 minutes’ drive via the Erskine bridge. Kilpatrick Railway Station, just a short walk away, connects to Glasgow Central Station via the Inverclyde line.
Accommodation
27,652 sq ft (2,569 sq m)
Terms
Tenancy The property is offered subject to a new 15-year full repairing and insuring lease to Logitech Limited. The initial rent will be £165,912 per annum payable quarterly in advance.
Rent reviews will be 5 yearly, upward only reviews geared to the Retail Price Index per annum (Collared 2.00%, Capped 4.00%). A copy of the lease will be available in the data room or on request from the selling agent.
Site Area The site area is estimated to be approximately 3.3 acres with a site coverage of 19%.
EPC’s available on request.
Tenure Heritable Interest (Scottish Equivalent of English Freehold).
Specification
- 15 FRI Year Lease to Logitech Ltd (Creditsafe score of 72A)
- The A82 is less than a 5 minute drive, with Glasgow Airport within a 15 minute drive £165,912 per annum reflecting £6.00 per sq ft
- The lease benefits from 5 yearly upward only rent reviews geared to the Retail Price Index (Collared 2.00%, Capped 4.00%)