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24 Station Road Grangemouth FK3 8DG, 24 Station Road, Grangemouth, Grangemouth, FK3 8DG
1,595 Sq Ft / Retail / General Retail
Withdrawn - Last updated: 11 November 2020
The subjects are leased to Manpower UK Limited from 15th May 2019 to 14th May 2024. There is a tenant only break option effective 15th May 2022, subject to providing the landlord with six months prior written notice. The current passing rent is £XXX per annum, exclusive of VAT.
Offers in excess of £XXX are invited for our client’s heritable interest, with the benefit of the existing lease. Reflecting a Net Initial Yield of 9.33% assuming standard purchasers costs of 1.8%.
The subjects comprise a single storey semi-detached unit of concrete block construction, under a flat roof presumed to be covered in felt or similar material.
The subjects benefit from Class 2 (office) consent and are attractively fitted and finished for their current purpose as an office occupied by Manpower UK Limited.
The subjects are leased to Manpower UK Limited from 15th May 2019 to 14th May 2024. There is a tenant only break option effective 15th May 2022, subject to providing the landlord with six months prior written notice. The current passing rent is £XXX per annum, exclusive of VAT.
Location
Grangemouth is strategically located in the heart of Scotland’s Central Belt, some 23 miles west of Edinburgh and around 28 miles east of Glasgow.
The economy of Grangemouth is focused primarily on the large petrochemical industry of the area, which includes the oil refinery owned by INEOS, one of the largest of its kind in Europe.
INEOS recently announced a £XXX million-pound investment program in their facility in Grangemouth, safeguarding its long-term future. Grangemouth is also one of the main ports in the UK and has the largest container terminal in Scotland, with 9 million tons of cargo handled through the dock facilities each year.
The town benefits from direct links to the central Scotland motorway network, including the M9, which provides direct access to Edinburgh to the east and Glasgow, via the M80 to the west. The nearest rail services are a short distance to the south of the
town at Polmont, which is on the main Edinburgh to Glasgow line, from which services to all main UK destinations are available.
The subjects are located in a prominent position on Station Road, within Grangemouth town centre and a short walk from La Porte Precinct shopping area.
Terms
All prices, rents and premiums, etc are quoted exclusive of VAT (if applicable).
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