Description
The property comprises a brand new industrial and logistics warehouse with associated offices and welfare facilities.
Externally, the property includes staff and visitor parking together with an extensive concrete service yard all within a fully secure site.
Key Features
Brand new industrial & logistics warehouse on a site of 5.9 acres
Offices/welfare facilities
Substantial 52m deep secure yard
Large car park
Dock & ground level loading
8m eaves height
High profile location adjacent to J6 M8
Year 1 rates free
Flexible terms
Location
The property occupies a prime industrial location in Newhouse, North Lanarkshire.
Newhouse benefits from a high profile location on the M8 corridor with Glasgow 12 miles west and Edinburgh 35 miles east.
The property benefits from close proximity to Junction 6 of the M8 motorway linking both Edinburgh and Glasgow along with easy access to the Baillieston Interchange which links the M8 with the M74/M6 and M73 motorways.
The property itself is situated within Link Park which is located between the M8 motorway and Edinburgh Road, 1 minutes’ drive from Junction 6 M8.
Notable Newhouse industrial occupiers include; Co-op, Brakes, Halfords, Rokbak/Volvo, UPS, WH Malcolm, Arnold Clark, Resideo (Honeywell) and XPO.
Newhouse is situated adjacent to Eurocentral, Scotland’s most modern purpose built “big box” distribution and industrial park, where occupiers include; Amazon, Lidl, Morrisons, NHS, Wincanton, FedEx, Hermes XPO, DPD, DX, GIST, Warburtons, Headlam, Sheffield Insulation, Brewdog, Stapletons Tyres, ACS Clothing, Mentholatum, Scottish & Southern Energy, Scania, Next and News International.
Rateable Value
The property will require to be assessed for rates once a tenant takes occupation.
*As a new build unit, the tenant is likely to be eligible for 100% rates relief for the first year of their lease.
Rating enquiries should be made directly to Lanarkshires Assessor’s Department: 01698 476000.
Tenure
The property is held on the basis of a new Full Repairing and Insuring lease expiring in 2040 with the current passing rent being
£XXX p.a.
Our clients are seeking to agree a sub-lease of a relatively short term nature.
Further details available on request.
Legal Costs
Each party will be responsible for their own legal costs.
In the normal manner the ingoing tenant will be responsible for payment of Land & Buildings Transactions Tax (LBTT) and Registration Dues.