The subject property forms part of a modern 4 storey detached office pavilion with parking. The subjects form part of the ground floor as well as the whole of the first floor and the whole of the second floor of the building.
Currently there are a number of tenants within the property as well as some high quality vacant space that is certain to be let in a short space of time with some appropriate marketing.
The building is constructed in a regular shape with a central entrance accommodating a stairwell and a lift to all floor levels. The design of the floors allows a high degree of flexibility in terms of creating separation between floors so that they can be multi-let. Floors can be let as 2 separate halves either side of the central core and already prevalent within the property are areas that have subdivided to provide business flexible space. The central core throughout the building contains ladies and gents toilets at each floor level.
All areas within the building present well and have been well managed and maintained. The internal office finishes include raised floors throughout with integral floor boxes. Suspended ceilings are in place and heating is provided by way of gas fired wall mounted radiators.
Ground Floor
At ground floor level the area in question was originally car parking which has since been converted to provide secure storage. The title also includes the foyer/reception area albeit subject to a common access agreement.
First Floor
The East Wing was subdivided to provide attractive glass box office in order to run a business centre. Whilst there are vacancies at present, there is also income from a gym operator and a sports massage therapist. The West Wing is let to Firefish, a recruitment company.
Second Floor
This floor was subject to singular letting on each floor with McTaggart Construction and Atlas Communications (now in Adminstration). As a result the Atlas suite (West Wing) is now vacant and available for new leases. Atlas were paying £XXX per annum.
Location
The subjects are located within Craighall Business Park which is situated to the north of Glasgow City Centre and a 10 minute walk or 5 minutes’ drive from the central business district as well as Glasgow Central and Queen Street Train Stations. The business park is situated off Craighall Road and is merely 2 minutes’ drive from junction 16 of the M8 motorway and a further 15 minutes’ drive from Glasgow International Airport.
The business park is in the Port Dundas area of the city and historically was a heavy industrial area before being regenerated over the last 15 years.
The development of the business park commenced around 2001/2002 following the award of a consent to develop around 250,000 sq.ft. of high quality class 4 office pavilions.
Accommodation
From measurements taken on site we calculate the property to extend to the following Net Internal floor area:
Reception - 258 sq ft (97 sq m)
Ground Floor East - 2,478 sq ft (230.21 sq m)
First Floor - 5,718 sq ft (531.25 sq m)
Second Floor - 5,624 sq ft (522.50 sq m)
Total - 14,078 sq ft (1,308 sq m)
The property also benefits from external car parking with 30 car parking spaces provided.
Terms
RATES - Reference to the Scottish Assessors website, we note that each unit is entered into the Valuation Roll separately and therefore the Rateable Values vary.
For further information please visit www.saa.gov.uk. Please note that a new occupier has the right to appeal the current assessment.
PRICE - Our clients are seeking offers in excess of £XXX for the benefit of their freehold interest.
VAT - VAT will be payable.
EPC - A copy of the Energy Performance Certificates for this building will be made available upon request.
ENTRY - Entry is available upon completion of legal formalities.
LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.
Specification
- Purpose built office building of regular shape.
- Within the well-established Craighall Business Park, 1 mile to the north of Glasgow City Centre.
- Current income of approx £XXX per annum with potential to reach £XXX per annum.
- Part ground, first and second floors circa 14,000 sq.ft.
- Ample car parking.
- Hunters Contracts (Scotland) Limited - in Liquidation