Opportunity to acquire the heritable interest in a portfolio of three well located single let industrial properties.
- Established industrial / distribution locations to the east of Glasgow at the heart of Scotland’s Central Belt, with excellent motorway connections – all units within 12 miles of Glasgow city centre.
- Let to the covenants of Euro Car Parts Limited, ID Systems UK Ltd and Music Group Innovation SC Ltd.
- WAULT of 7.6 years to expiry and 4.8 years to breaks.
- Total Gross Internal Area of 13,853.62 sq m (149,119 sq ft).
- Total income of £652,714 per annum, reﬂecting a low average rent of only £4.38 per sq ft.
- Seeking offers in excess of £7,680,000 (exclusive of VAT) for the beneft of our client’s heritable interests. A purchase at this level would provide a net initial yield of 8.0%, after purchasers costs of 6.17%.
- Quoting price reﬂects a low capital rate of only £51.50 per sq ft.
- Offers may be considered for individual units.