Part income producing investment/Owner occupier opportunity in Coatbridge
Location
Within a well established business location to the south east
of Coatbridge town centre at the end of the cul-de-sac of North Caldeen Road and visible from Calder Street, a busy distributor road for the south east of the town and to Carnbroe and Airdrie. Neighbouring and nearby occupiers include Lees Foods, Retronix, Mcgregor Young, Nexus Precision M&G Logistics
and Constantine.
With a resident population of approximately 44,000 and a catchment of circa 600,000 within a 20 minute drive, Coatbridge is within the North Lanarkshire Council area approximately 9 miles east of Glasgow and 38 miles west of Edinburgh. Calder Street links to the A725 providing direct access via the Shawhead Junction to the recently created Junction 7A of the M8 and Junction 5 of the M74. The Baillieston Interchange is a further 4 miles to the west for the M73 and the north.
Accommodation
Completed in 1996, Atrium Business Centre is a purpose built, 2 storey facility with a later, single storey extension providing excellent conference/events space. In landscaped surrounds, there is a tarmacadamed car park exclusive to the building.
Featuring a central, full height atrium area providing a mixed zone for informal meetings and break out area, the ground floor consists of reception, private offices and meeting/presentation rooms with kitchen and toilet facilities plus the feature conference room in the extension. A spiral staircase and a lift provide access to the first floor accommodation consisting of various offices around the perimeter of the atrium off a gallery corridor with further kitchen and toilet provision.
While there are opportunities to convert the atrium, for instance into a single occupation, headquarters type office or to industrial/workspace use (subject to any necessary local authority consents), prospective purchasers may also consider retaining the existing business centre model and we are informed by our clients that the current rental income is in the region of £XXX per annum. Occupation is on the basis of month to month licences with 3 months’ notice to terminate and the rents are ‘all inclusive’. Further details are available on request.
FIRST 5,128 sqft/ 476.4 sqm
GROUND 7,982 sqft/ 741.5 sqm
TOTAL 13,110 sqft/ 1,217.9 sqm
The building has an energy rating of ‘B’.
The Rateable Value is £XXX
Terms
OFFERS IN EXCESS OF £XXX are invited exclusive of VAT. For the avoidance of doubt, VAT will be payable in the transaction.
In the first instance, all offers should be submitted to Scott Cameron of Whyte & Barrie