The subjects comprise five/six workshop units which are of steel frame construction, clad externally in profiled metal sheeting.
Vehicular access is afforded to each unit via metal sliding doors with the properties generally providing secure workshop/storage accommodation.
The majority of the properties benefit from generous secure yard space which is enclosed by various security fences.
Location
The subjects form part of Redding Industrial Estate which lies on the Northern banks of the Fourth and Clyde Canal, to the West of Redding Road, within the Redding area of Falkirk.
Redding itself comprises an established, largely residential area of Falkirk lying to the Southeast of the town itself and in close proximity to several other villages including West Quarter and Laurieston.
The subjects themselves form part of an established industrial estate which is situated in close proximity to a modern Tesco superstore and a variety of modern residential developments.
Accommodation
We would summarise the accommodation as undernoted:-
Unit 3 – 161.30 m² (1,736 ft²)
Lean too – 46.70 m² (503 ft²)
Unit 3a – 83.72 m² (901 ft²)
Unit 4 – 83.72 m² (901 ft²)
Unit 5 – 83.72 m² (901 ft²)
Unit 6 – 83.72 m² (901 ft²)
Terms
RATEABLE VALUE - Having regard to the Scottish Assessor’s website we note that the subjects are entered in the current Valuation Roll as undernoted:-
Unit 3 - £9,700
Unit 3a - £3,600
Unit 4 - £4,600
Unit 5 - £5,600
Unit 6 - £5,200
LEASE TERMS - The subjects are presently let on the following terms:-
Unit 3 - Monthly lease term - Full repairing and insuring lease - £6,600 pa
Lean too - Monthly lease term - Full repairing and insuring lease - £3,600 pa
Unit 3a - Monthly lease term - Full repairing and insuring lease - £3,600 pa
Unit 4 - Monthly lease term - Full repairing and insuring lease - £5,400 pa
Unit 5 - Monthly lease term - Full repairing and insuring lease - £5,400 pa
Unit 6 - Monthly lease term - Full repairing and insuring lease - £4,080 pa
Private Yard - Monthly lease term - £2,400 pa
Total - £31,080 per annum exclusive
PRICE - Offers of £400,000 are invited
Specification
- Multi let industrial investment
- 5/6 workshop units
- Generous secure yardage
- Established rent roll of £31,080 per annum exclusive
- Consideration given to individual sales
- Offers of £400,000 invited