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Bothwell House, Caird Park, Hamilton, ML3 0QA
not specified / Offices
Withdrawn - Last updated: 05 October 2020
CLOSING DATE SET FOR 12 NOON ON TUESDAY 9TH DECEMBER · Hamilton Business Park is centrally located in Hamilton, close to the town centre, Hamilton West train station, Hamilton Retail Park and Palace Grounds Shopping Park · The high quality building extending to 23,952 sq.ft, over ground and two upper floors incorporating 90 car parking spaces · Property is fully let to The Scottish Ministers and Bellway Homes Ltd · 67% of income is secured to The Scottish Ministers on three separate leases · 33% of income is secured to Bellway Homes (D&B RATING 5A1) · Total net income £309,153 per annum (£XXXsf) · The Weighted Average Unexpired Lease Term (WAULT) is 4.5 years · Heritable Interest (The Scottish equivalent of English Freehold) Offers are sought in excess of £2,400,000 (Two Million, Four Hundred Thousand Pounds Sterling) exclusive of VAT reflecting a net initial yield of 12.8%, allowing for purchaser’s costs of 5.8%.
Location
Bothwell House, Caird Park, Hamilton , ML3 0QA, Lanarkshire, Scotland
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