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Industrial Investment Opportunity, Unit B, 24 Lenziemill Road, Lenziemill Industrial Estate, Cumbernauld, G67 2RL

7,500 Sq Ft / Industrial / General Industrial

For Sale - £420,000.00

Available - Last updated: 16 June 2022

The subjects comprise a semi-detached industrial unit constructed approximately 40 years ago. The unit is of steel portal frame constructions with elevations formed by double leaf brickwork, walls are externally clad with a roughcast render finish. The low pitched roof is surmounted by modern profile metal cladding panels incorporating translucent daylighting roof panels. The workshop area has a screeded concrete floor with services including fluorescent lights and ceiling mounted gas blower heaters. The unit benefits from a clear eaves height of 4.25m (14ft).
( Agency Pilot Software ref: 9584 )

Location

The subjects are situated within Lenziemill Industrial Estate, which lies approximately 11 miles north east of Glasgow and 1 mile to the south east of Cumbernauld town centre. The M80 motorway, is situated approximately 2 miles north west of the subjects. The M80 links into the M8 motorway, providing direct access to Glasgow city centre and Glasgow International Airport. The M80 also connects with the M73, providing direct access to the M74 motorway and the south. To the north of Cumbernauld, the M80 joins the M9, providing access to Perth and the north. Cumbernauld railway station is situated a short distance north west of the subject premises and provides regular main line rail services to Glasgow.

Lenziemill Industrial Estate lies on the south east edge of Cumbernauld, offering access to the A73 as well as the M80 via James Brae Interchange, Greenyards Interchange, Langlands Interchange and Glasgow Road. The subject property is situated on the northern side of the B8054 (Lenziemill Road), which connects with the A73 to the south.

Accommodation

Ground—Offices 360.52 sq m (3,881 sq ft)

Ground—Garage 336.26 sq m (3,620 sq ft)

TOTAL 696.78 sq m (7,500 sq ft)

Terms

TENURE Heritable

VAT The subjects have been elected for VAT and as such will be applicable to the sale however we anticipate any sale will be undertaken via TOGC.

ENERGY PERFORMANCE CERTIFICATE (EPC) EPC is available upon request.

PROPOSAL We are instructed to invite offers over £420,000 ex VAT which reflects a net initial yield of 6.64% after allowing for standard purchasers costs and LBTT.

ANTI-MONEY LAUNDERING The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 requires the agents acting on both sides of any qualifying transaction to undertake appropriate due diligence in relation to, and in advance of, any such transaction, including identifying and verifying all relevant parties and establishing the source (s) and legitimacy of funding. Both parties will disclose all relevant information, prior to conclusion of missives/ exchange, required to enable the agents to meet their respective obligations under the Regulations.

Specification

  •  Strong industrial location with excellent access to motorway network and central Scotland. 
  • Let to The Scottish Ministers on FRI terms until 30 September 2030. 
  • Unit extends to 7,500 sq ft and is currently leased on an annual rent of £29,000. 
  • Low passing rental rate of £3.87 psf. 
  • Offers in excess of £420,000 ex VAT.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £420,000.00 NA

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Contact agents

Steven Gay

Ryden LLP

0141 432 1330



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