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Industrial Investment Opportunity, Unit 16A Sandbank Business Park, Highland Avenue, Sandbank, Dunoon, PA23 8PB

5,639 Sq Ft / Industrial / Warehouse

For Sale - £320,000.00

Withdrawn - Last updated: 10 June 2022

Originally constructed by Highlands and Island Enterprise, the subjects comprise a detached multilet industrial building of single storey construction, which provides 10no. separate light industrial workshop units (A-J). Access to each of the units is by way of way of pedestrian entrance or roller shutter doors. The subjects benefit from a communal yard with parking. Internally, the subjects benefit from concrete flooring, and communal WC facilities. There is a small (unmanned) reception area.
( Agency Pilot Software Ref: 50716 )

Location

Located in the south of Argyll and Bute, with close proximity to Glasgow, Dunoon offers excellent links by road and ferry to Scotland's Central Belt. The town provides easy access to motorway, rail networks and Glasgow Airport, with an approximate travel time to Glasgow City Centre of 1.5 hours. The subjects are located within Sandbank Industrial Estate, two miles north east of Dunoon Town Centre, just off the A885.. The industrial estate comprises a number of units for light industrial and warehouse use.

Accommodation

GIA: 523.88 sq.m. (5,639 sq.ft.)

Terms

TENANCY The subjects are fully let to a range of local, regional and national occupiers. Rental breakdown, lease and service charge information will be provided upon formal application.

PROPOSAL Offers in excess of £320,000 are sought, reflecting a Net Initial Yield of 8.03% assuming standard purchasers costs of 3.39%. Equating to a low capital rate of £65.00 per sq.ft.

RATING ASSESSMENT Each unit (A-J) hasbeen assessed individually. The rate poundage for 2021/2022 is£0.49 in the pound. All units benefit from being below the Rates Relief threshold, so qualify for the Small Business Bonus Scheme.

VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT).

TENURE The vendor is selling the Heritable Title (Scottish equivalent to English Freehold).

ENERGY PERFORMANCE CERTIFICATE An EPC has been prepared for this property and can be provided upon request.

LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with this transaction.

Specification

• Multi-let investment opportunity
• Perfect SIPP or Private Purchase
• Extends to approximately 523.88 sq. m (5,639 sq ft)
• Low base rents of £4.50 - £5.00/sq.ft.
• Total rent of £26,580pa
• Offers over £320,000 reflecting NIY of 8.03%

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £320,000.00 NA

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