The subjects comprise a garage and workshop premises with large private car parking area formed within a regular shaped, roadside site. The buildings on site are of single storey and have been built over a number of phases with the front section comprising a former showroom and now a main reception with tyre fitting area, connecting internally to a rear workshop with an eaves height of 4.3m and vehicle access. A second MOT workshop is attached with internal eaves of 3.16m and vehicle access on to the forecourt. Staff welfare accommodation is contained within the rear building with customer toilets just off the main reception area.
The yard is concrete and tarmac surfaced with entry and exit points on to Old Coach Road.
Location
Old Coach Road is a main thoroughfare within East Kilbride, a short distance south of the Whirlees Roundabout, west of the East Kilbride Expressway and approximately ½ mile from the Town Centre. The area is mixed commercial and residential in its nature.
East Kilbride is the largest town with the South Lanarkshire region having a resident population of over 75,000 persons. The town lies around 10 miles south east of Glasgow and has excellent road links lying at the convergence of the A725 and A726 road links, with nearby connections on to the M74, M73, M8 and M77 motorways.
Accommodation
FLOOR AREA - We calculate the property to extend to a gross internal floor area of 518 sq.m (5,578 sq.ft). From OS mapping systems, the site extends to an overall area of 0.19 Ha (0.47 Ac), or thereby.
Terms
PRICE - Offers over £300,000 are invited for our client’s heritable interest, which represents a net initial yield of 8.07% assuming purchasers costs of 3.3%. The price is quoted exclusive of VAT although the sale is expected to complete as a Transfer of a Going Concern (TOGC).
EPC - The energy rating is D.
Specification
- Prominent roadside location
- Detached garage property with GIA of 518 sq.m (5,578 sq.ft)
- Site of 0.19 Ha (0.47 Ac) with future development potential
- Let to Willie McLernon Autocare Ltd (t/a Farmer Autocare)
- £25,000 p.a.x until 5th January 2029
- Offers over £300,000 are invited
- Net Initial Yield 8.07%