The premises comprise an industrial unit arranged over the ground floor only under a flat and pitched roof. The flat roofing area has recently been fully replaced and our client is able to provide a 20 year guarantee for this work.
The premises have the benefit of a car park area for circa 10 cars directly outside.
Location
Glasgow is Scotland’s largest city and has an immediate population of approximately 600,000 people and a catchment in the order of 2 million people.
The subject premises are located within Queenslie Industrial Estate to the east of Glasgow City Centre in close proximity to Junction 11 of the M8 motorway network.
The subjects are positioned on the north side of Coltness Lane close to the junction with Mossend Street to the west and Burnbroom Street to the east.
Nearby occupiers include Self Storage Glasgow, Titan Self Storage, United Wholesale, Northgate Vehicle Hire and Gold Seal Windows.
Accommodation
The lowest eaves height and main gross internal areas are as follows:
Internal Eaves Height - 12ft 0ins (3.66m)
(to lowest point in warehouse)
Offices - 3,182 sq ft (295.60 sq m)
Warehouse / Factory - 19,323 sq ft (1,795.10 sq m)
Total Ground Floor - 22,505 sq ft (2,090.70 sq m)
Terms
RATING - We are verbally advised by the local Assessors department that the subjects are entered in the Valuation Roll from April 2023 as follows:
Rateable Value £84,000*
Commercial Rate Poundage £0.515
(exclusive of water and sewerage rates)
*Please note this value has been appealed.
PLANNING - The premises currently benefit from Classes 5 and 6 for industrial and storage and distribution uses. Interested parties are invited to make their own enquiries with Glasgow City Council.
PRICE - Offers in excess of £695,000 exclusive are invited.
The property is elected for VAT.
LEGAL COSTS - Each party is to be responsible for their own legal costs incurred in connection with this transaction with the purchaser to be responsible for Land and Buildings Transaction Tax (LBTT) and registration fees.
ENTRY - By Agreement.
ENERGY PERFORMANCE CERTIFICATE - Further details available upon request.