The subjects comprise four interlinked distribution units within a terraced parade. The properties are of steel portal frame construction part infilled with concrete block and facing brick and profile metal sheeting externally. The units are accessed via vehicular roller doors to the front elevation which provide a width of 3.75 m. and height of 4.9 m. whilst the internal eaves height of the units is 6.25 m.
Location
Glasgow is Scotland’s largest city and is the west of Scotland’s administrative centre. The estimated population for Glasgow City in 2019 is 633,120 (national records of Scotland) and is the highest out of all 32 council areas in Scotland. The Glasgow city region has a population of circa 1.8m. The M8, M74, M73 and M80 motorway network puts Glasgow at the hub of Scotland’s road network providing links to Edinburgh, Ayrshire, the “south” and the “north”. Following recent upgrades/extensions to the M80 and M74, work has also finished on the M8/M74 to the east of the city which will boost Scotland’s economy by improving connections between the commercial centre’s of Glasgow and Edinburgh and beyond.
The subjects are positioned on the corner of West Street and Kilbirnie Street within the Tradeston Industrial Estate which lies approximately 1 mile south of Glasgow City Centre. The estate benefits from excellent access to the motorway network (M74 and M8) via the nearby Junction 21.
Accommodation
50 SQ.M (4,844 SQ.FT)
Terms
RATEABLE VALUE Unit 1C-1E - £81,500 Unit 1B
TERMS- £25,500 Our client is seeking to assign their existing leasehold interest which expires 11th November 2033 with a tenant break option 11th November 2028. The combined annual rent is £102,909. Individual units could be made available for rentals in the region of £27,500 per annum.
VAT All prices quoted are exclusive of VAT.
EPC Available upon request.
LEGAL COSTS Each party to bear their own legal costs in connection with this transaction.
MONEY LAUNDERING The money laundering, terrorist financing and transfer of funds (information on the payer) regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also and any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.
Specification
- FOUR INTERCONNECTED WAREHOUSE/DISTRIBUTION UNITS EXTENDING TO 1,800 SQ. M. (19,376 SQ.FT.)
- AVAILABLE IN PART OR AS A WHOLE PROVIDING UNITS FROM 450 SQ.M (4,844 SQ.FT)
- PROMINENT COMMERCIAL LOCATION WITH GOOD ACCESS TO MOTORWAY NETWORK
- ANNUAL RENT £102,909