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Avondale Campus, Strathclyde Business Park, Bellshill, ML4 3HB

27,849 Sq Ft / Offices

Withdrawn - Last updated: 19 May 2023

UNDER OFFER - MULTI-LET OFFICE INVESTMENT

Key Features

- Located in Strathclyde Business Park.

- The buildings are occupied by Securitas Security Services Ltd, Tarmac Trading Ltd and Papillon Private Nursery Ltd providing a WAULT of 4.7 years to e

- The property has a current passing rent, including rent guarantees, of £XXX per annum, which equates to a low average rent of £XXX psf.

- Over 42% of the current passing rent is secured against Tarmac Trading Ltd (D and B Rating of 5A2), who have occupied Cambusnethan House since 1999.

- The property offers immediate asset management opportunities.

- Inviting offers in excess of £XXX (Two Million Two Hundred and Forty Five Thousand Pounds) for our clients Heritable
Interest in the Property.

- Based on purchaser's costs of 6.29%, a purchase at this level would reflect a Net Initial Yield of 10.00%

- A capital rate of £XXX per sq ft and a reversionary yield of 11.89% based on our opinion of ERV.


( Agency Pilot Software Ref: 110716 )


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