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4, Rosehall Road, Bellshill Industrial Estate, Bellshill, ML4 3NR
53,198 Sq Ft / Industrial
Withdrawn - Last updated: 11 April 2023
Summary
Prime Single Let Industrial Investment Opportunity
Investment Summary
- Ideally located, single let industrial investment opportunity in the prime industrial location of Bellshill;
- Modern, detached distribution unit and gatehouse extending to 53,198 sq ft;
- Let in full to Yodel Delivery Network Ltd (D&B rating 5A1) until 1st August 2025 with a tenant break option on 1st August 2020;
- Total current passing rent of £275,000 per annum representing a low passing rent of £5.17 per sq ft;
- The tenant is carrying out significant works to the property following service of interim dilapidations, demonstrating commitment to the location;
- Heritable tenure (Scottish equivalent of English Freehold).
Offers in excess of £3,930,000 (Three Million, Nine Hundred and Thirty Thousand Pounds Sterling) are sought for our client’s heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 6.60% following purchaser’s costs at 6.05%.
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