17 Seafield Road comprises a detached distribution warehouse with office accommodation and staff facilities fronting onto Seafield Road, Inverness. The unit comprises three individual bays with self contained office pod and was comprehensively refurbished prior to occupation by Brake Bros Ltd in 2007. The property comprises a steel portal frame with block walls and a profile metal sheet pitched roof. There is a single storey office pod to the front which offers reception and staff accommodation. The property site in a self contained secure site of approximately 0.76 hectares / 1.89 acres
Location
17 Seafield Road lies within the well established and popular Longman Industrial Estate and comprises a site of approximately 0.76 hectares / 1.89 acres. The Longman Industrial Estate is of strategic importance to the Highlands being the main industrial, trade counter and business location serving the region. This strategic location has been recognised by a wide range of occupiers with surrounding uses including distribution, offices, industrial and trade counters. The site is highly prominent on Seafield Road which itself offers excellent communication links to the trunk road network including the A9 north and south, the A82 west and the A96 east. Inverness city centre lies approximately 1 mile to the south west.
Accommodation
The accommodation may be summarised as follows:
Gross internal area - 3,692 m2 (39,740 sq ft)
Office Staff Accommodation - 31.98 m2 (3,358 sq ft)
Industrial/Storage Accommodation - 3,380 m2 (36,382 sq ft)
Terms
Terms of Existing Lease
The property was let to Brake Bros Ltd (Company No. 02035315). The lease started on the 1st November 2007 and is due to expire on the 31st October 2022. The current passing rental as established at the 2012 rent review is £240,500 per annum and the property is let on a full repairing and insuring basis. There is a further market based rent review in 2017.
Covenant
Brake Bros Ltd have a Dun & Bradsteet Rating of 5A1.
Sale Price
Offers of £2.9Million are sought for the heritable interest.
VAT
All figures quoted are net of VAT.
Energy Performance Rating
The property has been identified as having an EPC rating of C, a copy of the Energy Performance Certificate is available on request.
Specification
- Single Lease To Brake Bros Ltd
- Lease Expiry 31st October 2022
- Secure income of £240,500 per annum
- 5a1 Covenant