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Light industrial for sale
2,317 sq. ft*
Comprises mid-terrace industrial unit
Total gross internal area 215.26 sq m (2,317 sq ft)
Large roller shutter door. Fitted out a cold storage unit.
Investment Consideration: Gross Initial Yield: 7.02% Rental Income: £20,000 p.a. VAT is applicable to this property Comprises mid-terrace industrial unit Total gross internal area 215.26 sq m (2,317 sq ft) Large roller shutter door. Fitted out a cold storage unit. Well established tenant. Break option in March 2022 not exercised Located within M8 Food Park, close to the M8 motorway. Strategically located on the northern side of Glasgow city centre.
Property Description: The property comprises mid-terraced industrial unit of steel framed construction. Access to the property is by way of a single entrance door to the front elevation, supplemented by a metal roller security shutter for vehicle access. The mezzanine level provides office and male and female WC`s. Fitted out a cold storage unit. Externally to the front is a tarmac surfaced yard area.
The property provides the following accommodation and dimensions: Ground Floor: Industrial 175.71 sq m (1,891 sq ft) Mezzanine: Ancillary 39.55 sq m (426 sq ft) Total gross internal area: 215.26 sq m (2,317 sq ft)
Tenancy: The property is at present let to Fresh Select Ltd for a term of 10 years from 15th March 2017 at a current rent of £20,000 per annum and the lease contains full repairing and insuring covenants. Break option in March 2022 not exercised.
Location: Glasgow is the largest city in Scotland, and third most populous in the United Kingdom. Historically part of Lanarkshire, the city now forms the Glasgow City council area, one of the 32 council areas of Scotland; the local authority is Glasgow City Council. Glasgow is situated on the River Clyde in the country's West Central Lowlands. The subject property is located within the M8 Food Park strategically located on the northern side of Glasgow city centre close to its junction with the M8 motorway
For more information about this property, please contact Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)
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