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Industrial Investment Opportunity, Unit 12 Napier Square, Livingston, EH54 5DG

2,546 Sq Ft / Industrial / General Industrial

Sold - Last updated: 08 February 2021

The subject property comprises an industrial unit with dedicated yard area.

  • • 236.57 Sq M (2,546 Sq Ft)
  • • Let to Auto Fitness Limited
  • • Lease expires September 2025
  • • Passing rent £XXX per annum

Location

Livingston lies immediately adjacent to Junction 3 of the M8 Motorway and is strategically located approximately 17 miles to the west of Edinburgh and 31 miles to the east of Glasgow. The M8 provides direct links to the M9 (Stirling), M90/A90 (Dundee, Aberdeen) and M73/M74 interchange, enabling all parts of Scotland and Northern England to be easily accessed.

Houstoun Industrial Estate is Livingston’s premier industrial location. Access to the property from Junction 3 of the M8 is via Livingston Road (A899), turning first left onto Houstoun Road and then left onto Muir Road. From here, Napier Square is the first turning on the left. Neighbouring occupiers include Stevenswood Ltd, MD Autos Workshop Ltd and Mike Bisset Plastics.

Accommodation

The subjects have been measured in accordance with the RICS Code of Measuring Practice (6th Edition) and the following Gross Internal Area has been calculated:-

TOTAL - 236.57 sq m (2,546 sq ft)

Terms

Proposal - We are instructed to seek offers in excess of £XXX exclusive of VAT, for our clients Scottish freehold interest in the property with the benefit of the existing lease.

A purchase at this level would show an attractive net initial yield of 8.47% after allowing for purchasers costs of 1.8%.

Tenancy - The subjects are let to Auto Fitness Limited on a full repairing and insuring lease from 25th September 2015 until 24th September 2025 with tenant only break options in September 2018 and 2021. The current passing rent is £XXX per annum. There is an upwards only rent review on the 5th anniversary of the lease.

Specification

  • • Solid concrete floor
  • • Roller shutter vehicular access/loading
  • • Tea preparation facilities
  • • Male and female toilet facilities
  • • External security lighting
  • • 3 phase power
  • • Car parking


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