The property comprises a terrace of 5 similar sized industrial units each with dedicated car parking and shared yard space. There is also a secure yard currently used for storage adjoining the south gable of the terrace. The units offer a standard eaves height of 6.85m (22ft 6in).
Location
The property is situated in Linwood Industrial Estate next to Phoenix Park, just off the Linclive Interchange on the A737, 1.5 miles to the southwest of Glasgow International Airport. Glasgow city centre is 11 miles from the estate and is well located to access both North Ayrshire and Inverclyde.
Accommodation
Each unit comprises a workshop with varying sized internal offices. The GIA of each unit is as follows:
Unit A - 337.43 sq m (3,632 sq ft)
Unit B - 334.04 sq m (3,596 sq ft)
Unit C - 276.83 sq m (2,980 sq ft)
Unit D - 276.83 sq m (2,980 sq ft)
Unit E - 286.70 sq m (3,086 sq ft)
TOTAL - 1511.83 sq m (16,274 sq ft)
Terms
TENANCIES - The five units are held on full repairing and insuring agreements with the side yard on an informal license agreement which will terminate on the date of sale. The WAULT is 2.33 years.
For a more detailed view of the tenancies, please consult attached brochure.
MANAGEMENT FEE - The lease agreements allow the landlord to charge a modest management fee for rent and service charge collection. The collective sum for this service is £XXX per annum.
The development has been privately managed by our client and therefore detailed service charge information is not available.
PRICE - Our client is seeking offers in excess of £XXX for their heritable interest.
EPC
Unit A rating G
Unit B rating G
Unit C rating G
Unit D rating G
Unit E rating G
VAT
All prices, rents, premiums, etc are quoted exclusive of VAT.
OFFERS
In the normal Scottish form addressed to this office.
Specification
- 100% occupied
- Well maintained and managed
- Eaves Height - 6.85m (22ft 6in)
- Good motorway access
- Close to Glasgow International Airport
- WAULT - 2.33
- Net Initial Yield – 9.88%