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2 Bothwell Business Park, Hamilton, Uddingston, ML3 0FD
3,412 Sq Ft / Offices
Withdrawn - Last updated: 11 November 2020
Offers in excess of £XXX are sought reflecting a Net Initial Yield of 9.02% assuming standard purchasers costs of 3.65%.
The subject property comprises open plan office accommodation over ground and first floors within one half of a semi-detached two-storey purpose built office pavilion. The property is of cavity brick and block construction with facing brick external leaf while the roof is pitched and tiled.
Internally the subjects have been fitted out by the Tenant to a high standard, taking advantage of the raised access flooring provided the Tenant with the flexibility required for the growing business. Double glazed windows provide excellent natural light to the subjects which along with fluorescent strip lighting provides a bright work space. The ground and first floor vestibules provide male, female/ disabled toilets and a boiler cupboard for each suite.
Hamilton is a large town with a population of around 50,000 people and a catchment estimated to be 350,000. The subject property is located within the Bothwell Bridge Business Park that lies to the north side of the town and to the west side of Bothwell Road.
The subjects are leased to Love Learning Scotland SCIO, a Scottish charitable incorporated organisation on Full Repairing and Insuring terms from 24th May 2019 until 23rd May 2029 at a
passing rental of £XXX per annum. Rent is reviewed to open market value on a fiveyearly
basis. The Tenant incentive will be “topped up” by the Vendor.
A service charge is levied covering common facilities/maintenance etc, calculated on an equitable basis. Further details on request.
Terms
The above-mentioned rental figure is quoted exclusive of VAT which will be chargeable at the standard rate.
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