TWO STOREY OFFICES RECENTLY REFURBISHED, Palacecraig Street, Coatbridge, ML5 4TF

Location

Coatbridge is located approximately 11 miles east of Glasgow City centre, accessible via the A8/M8. The property is located to the north of the A8/M8 at the junction with the A725 providing excellent access throughout the Central Belt and to the north/south via the M80 and M74 motorways. The property is situated to the west of Palacecraig Street adjacent to Rosehall Industrial Estate.

Key Features

Well located at the junction of the M8 motorway and the A725 trunk road
Recent refurbishment
May sub-divide

Description

The subject property comprises a two storey integral office block within a larger industrial property. The specification includes:

- Steel portal frame construction with brickwork/profiled metal clad elevations
- Recently refurbished office accommodation
- Shared Canteen

Ground Floor Offices:
- Solid concrete floors carpet covered
- Wall mounted IT & Power sockets
- Metal frame double glazing
- Suspended ceiling with strip florescent lighting
- Board room with AC
- Fire & Intruder alarms
- Dedicated reception room
- Disabled toilet

First Floor Offices:

- Same specification as ground floor offices
- 5x private offices/meeting rooms
- Male & Female toilets

Externally:

51 Car parking spaces

Accommodation

The offices extend to the following approximate Net Internal Areas:

Ground Floor Offices: 3,348.04 sq ft (311.04 sq m)
1st Floor Offices: 3,463.27 sq ft (321.75 sq m)
Total: 6,811.31 sq ft (632.79 sq m)

Amenities

The offices do not have separate utilities from the attached warehouse. As such, a contribution of £13,600 per annum will be charged towards the utilities payments for the whole building.

Rental / Price

The property is available on full repairing and insuring terms for a period to be agreed at a rental of £41,000 per annum.

Legal Costs

Each party will be responsible for their own legal costs, with the ingoing tenant liable for any Land and Buildings Transaction Tax. The head tenant and sub tenant will equally share any reasonable costs incurred by the landlord to grant consent to the sub-lease.

Business Rates

The property currently has a combined rateable value with the larger factory building. We calculate that the rates payable for the office section would be £8,500 per annum and would be payable by the occupier.

VAT

We can confirm that VAT will be payable on the rental.