Industrial Investment | For Sale | 7 Lyon Road, Li, 7 Lyon Road, Linwood Industrial Estate Linwood, Paisley, PA3 3BQ

Key Features

Let to DX NETWORK SERVICES LTD - Creditsafe Score of 100 A (Very Low Risk) expiring July 2032
Offers in excess of £1.6m, reflecting a NIY of 7.66% after purchaser costs
26,985 sq ft on a 2.40 acre site

Description

The property comprises two main warehouse sections, a two storey office and a detached workshop on a generous site with significant concrete surfaced yard and a parking area to the front.

The property extends to the following Gross Internal Areas:

Original Warehouse: 9,978 sq ft
High Bay Warehouse: 10,193 sq ft
Detached Workshop: 3,284 sq ft
Two Storey Offices: 3,530 sq ft

Total Area: 26,985 sq ft

Using O.S. mapping software we calculate the total site area extends to 2.40 acres.

The property is leased to DX Network Services Ltd at £130,000 per annum exclusive of VAT (£4.80 per sq ft).

The lease is on Full Repairing and Insuring terms limited by a schedule of condition and the landlord retaining responsibility for repair, maintenance and any asbestos removal that may become necessary on the original warehouse roof.

The lease term is from July 2022 to July 2032 without any breaks

There is a rent review to Market Rental Value at the fifth anniversary.

DX Network Services is a parcel delivery and logistics company established over 45 years with 85 depots across the UK and Ireland.

In 2024 they reported a turnover of £529.8m and pre pre-tax profits of £26.3m.

The heritable (freehold) interest in the property is available for sale with the benefit of the long term tenancy in place.

Location

The property is located in the town of Linwood (population 7,500) in the local authority area of Renfrewshire, 1 mile from the Linclive Interchange on the A737 and 2.5 miles from Junction 29 of the M8 motorway.

Lyon Road is situated in Linwood Industrial Estate, with notable nearby occupiers including WH Malcolm, EnvaEnva, Kennan Recycling and QAS Group.

EPC Rating

The buildings have C and D EPC ratings.

Tenure

Offers are sought in excess of £1,600,000 exclusive for our clients Heritable Interest, which assuming purchaser’s costs and prevailing LBTT reflects a Net Initial Yield of 7.66%.

Legal Costs

Each party will be responsible for their own legal costs incurred in this transaction.