The subjects comprise one of 5 terraced warehouse units of steel portal frame construction under a mono pitch and steel profile clad roof. The unit has an eaves height of 6m rising to a clear height of 9m at the rear. Loading access to the unit is from a 5m x 5m roller shutter loading bay. Staff/visitor access is from an aluminium framed glazed frontage set behind a security roller shutter.
There is parking to the front of the unit. Internally, the premises have been fitted out to a high standard. The entrance leads to a trade counter area containing modern finishes and a small manager’s office. Within the warehouse there is a steel framed mezzanine floor positioned to the rear. The unit has a gas fire blower heating system.
Location
Baltic Business Park occupies an established and popular trading location fronting Murray Street and Macdowall Street, close to Greenock Road and Caledonia Street. The Park is located one mile from the M8 at Junction 29, with its direct access to Glasgow International Airport. The Park has a high calibre of occupiers including Brandon Tool Hire, Renfrewshire Council, HSS Hire, Howdens, Wurth and Richmonds Plumbing & Heating.
Accommodation
We measure the premises to have the following approximate gross internal areas:-
Warehouse: 2,949ft2 (374.05m2)
Mezzanine: 1,106ft2 (102.80m2)
Total: 4,055m2 (376.85m2)
Terms
The premises are held on a full repairing and insuring lease for a period of 15 years expiring 23 November 2021. A tenant break option and rent review are scheduled for 24 November 2016. Our client seeks to assign their lease or grant a sub lease of the premises. The rent is £16,732 pa. Service charge information is available upon request.
Rateable Value
Where the Rateable Value of a property is less than £10,000, it may be eligible for the Small Business Bonus Scheme. This means it would be eligible for 100% relief until 31 March 2014. Details for this allowance can be obtained from the Director of Finance at Glasgow City Council.
Energy Performance Certificate
A copy of the EPC will be provided upon application.
Legal Costs
Each party will be responsible for their own legal costs and outlays including VAT incurred.
VAT
All prices, rents, premiums etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.
Date of Entry
By arrangement.