The subjects comprise a detached commercial building which is understood to have been constructed circa 1973 of reinforced concrete portal frame construction and extended thereafter. The unit benefits from a large secure site, surfaced and tarmacadam and secured by a chain link fence. The building is capable of sub-division in to smaller units ranging from 117.3 m² (1,262 ft²). The entire ground lease area extends to approximately 1.31 acres. An area of the site with its own independent access, approximately 0.61 acre, has been sub-let to Property Medic.
Location
Carsegate Industrial Estate is located on the western side of Inverness and lies within easy reach of all main arterial routes and the city centre. The trading estate is well established and is host to a healthy mix of both local and national occupiers including, Inverness Tyre Service, Ashley Ann, G & A Barnie, Bar-tec and Dulux Decorator Centre. Inverness lies approximately 105 miles north west of Aberdeen, 150 miles north of Edinburgh and 160 miles north of Glasgow and has a resident population in excess of 65,000.
Accommodation
The accomodation and gross internal floor areas may be summarised as follows;
Design Office - 143.6 m² (1,546 ft²)
Office 1 - 49.3 m² (531 ft²)
Office 2 - 17.2 m² (185 ft²)
Office 3 - 21.0 m² (226 ft²)
Accounts Office - 29.0 m² (312 ft²)
Work Room - 20.4 m² (220 ft²)
Store - 18.2 m² (196 ft²)
Canteen - 19.7 m² (212 ft²)
Warehouse - 791.6 m² (8,521 ft²)
Cold Room - 62.3 m² (671 ft²)
Rear Store - 117.3 m² (1,262 ft²)
Total - 1,289.6 m² (13,882 ft²)
Terms
TENANCIES
The premises are held on a Ground Lease from The Highland Council with an available unexpired term of 120 years at a rental of £16,000 per annum, subject to 5 yearly rent reviews. As previously detailed, part of the entire site is under Lease to a sole trader operating as the Property Medic. The annual rental income amounts to £7,200 per annum, exclusive of VAT and is due to expire on
1st October 2013.
PRICE
Our Client, Begetube UK Ltd, wishes to Assign their Leasehold interest, subject to the current Sub-Lease. They are seeking offers in excess of £400,000 (Four Hundred Thousand Pounds) and would be preapred to consider a Leaseback over part of the building.
Specification
- WAREHOUSE WITH MODERN OFFICES/SHOWROOM
- SUITABLE FOR TRADE COUNTER, STORAGE AND WORKSHOP USES
- SALE AND LEASE BACK OPPORTUNITY
- CAPABLE OF SUB-DIVISION, UNITS AVAILABLE FROM 117.3 M² (1,262 FT²)
- SITE EXTENDS TO 1.31 ACRES
- FLOOR AREA: 1,290 SQ M (13,881 SQ FT)
- PRICE: OFFERS OVER £400,000
- RENT: PRICE ON APPLICATION