The property comprises a substantial distribution warehouse complete with offices, welfare, loading space and exclusive car parking. The warehouse specification includes a concrete floor, block dado walls, an electrically operated vehicular access door, an eaves height of 7.5m approx, LED lighting and gas ambirad heating. It also includes modern office accommodation contained within a two storey projection. The offices provide a mixture of open plan and cellular space and benefit from carpet and vinyl covered floors, emulsion painted walls, LED lighting and gas radiator central heating
( Agency Pilot Software ref: 14947 )
Location
Cambuslang is considered to be Glasgow’s and one of Scotland’s foremost industrial locations. It is strategically located five miles south east of Glasgow City Centre and offers unrivalled road connectivity across Scotland via a fourway interchange at Junction 2A of the M74. The M74 provides direct access to the city’s orbital motorway network, the City Centre, Glasgow International Airport, the central belt motorway and to England. The property occupies a highly prominent position at the eastern entrance to the estate and is directly accessed from the A763 at the east. From the west of the estate, access is available via Cambuslang Road and the Fullarton Roundabout
Accommodation
Total accommodation of 33,687sq ft (3,129.6 sq m)
Terms
EPC The property has an EPC Rating of C.
TENURE Heritable (Scottish equivalent of English Freehold).
TENANCY The property is let to Aalco Metals Limited on FRI terms, originally for a term of 20 years from 16 October 1998 and then extended to 27 May 2033 subject to a tenants break option on 27 May 2028. The passing rent is £252,645 per annum and is subject to a rent review on 27 May 202
Specification
- Let to the undoubted covenant of Aalco Metals Limited
- Passing rental of £252,645 per annum Low overall rate of £7.50 per sq ft providing good prospects of rental growth.
- Offers in excess of £3,400,000 exc VAT, reflecting a net initial yield of approximately 7%, after purchaser’s costs