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UNDER OFFER. 5,069 sq. ft. New build warehouse / industrial unit.

To rent: £38,000.00 Per Annum|5,069 |Distribution Warehouse, Industrial Park, Light Industrial, Warehouse, Industrial

Property details

TO RENT£38,000.00 Per Annum
SIZE5,069
ADDRESSUnit 1, Link Park, 15 Glasgow & Edinburgh Road, Newhouse, ML1 5GJ
TYPEDistribution Warehouse, Industrial Park, Light Industrial, Warehouse, Industrial
TENURETo Let
POSTED ON1st September 2021

Description

Unit 1, Link Park, 15 Glasgow & Edinburgh Road, Newhouse, ML1 5GJ

TO LET - 5,069 sq. ft. (471 sq. m.)
RENT - £38,000 per annum (£7.50 per sq. ft.)

• Modern, end terrace industrial unit.
• AmbiRad, gas heating system & LED lighting.
• 3-phase electricity supply (approx. 144 kVA).
• Clear internal height from 18 ft. (5.5 m.).
• Shell finish with toilet block
• Dedicated car parking to the front and secure, communal yard to the rear.

DESCRIPTION
Unit 1 provides high specification, modern industrial / warehouse space. It is located with the first phase of development at Link Park, and forms part of a 20,000 sq. ft. terraced block of three units. Following lettings to Apleona and Swagelok of Units 2 (5,000 sq. ft.) 3 (10,000 sq. ft.), respectively, Unit 1 is the last one available.

Internally, an AmbiRad gas-powered heating system and new LED lighting have been installed. A toilet block with one standard and one accessible WC is positioned on one side wall, and the warehouse is otherwise open plan. Unit 1 has windows to its front elevation enabling the creation of offices benefitting from good natural daylight. The pitched roof has a clear internal height of 18 ft. (65.5 m), rising from the party walls of the terrace to an apex height of 23 ½ ft. (7.15 m) at the centre line of the block. An electrically operated roller shutter door, with a height of 14 ¾ ft. (4.5 m.) and width of 10 ft. (3.0 m.), provides vehicle / loading access to the rear and the unit has separate, back and front doors for staff and customer access. The property lies within a secure, shared yard with loading the rear and dedicated car parking spaces provided to the front.

Subject to an agreed lease, the property is available for immediate entry.

AVAILABILITY & COSTS
Unit 1 is available to lease for a period to be agreed. The annual rent is £38,000 per annum and its contribution to the estate service charge is budgeted as £2,139.50 per annum. Rent and service charge are payable quarterly in advance and VAT is applicable.

Unit 1 has still to be assessed for business rates purposes but based on neighbouring units, we estimate a Rateable Value (RV) of £30,000. The rates poundage for 2021/22, for properties with RVs below £51,000, is £0.49 and, for illustration using our estimated RV, property rates payable to North Lanarkshire Council for the 12 months from 1st April 2021 to 31st March 2022 would be around £14,700.

LINK PARK, NEWHOUSE
Link Park is located on the M8 motorway corridor, between Glasgow (15 miles) and Edinburgh (30 miles), is situated only a short, direct drive from the Junction 6 of the M8 and, therefore, benefits from easy access to and from the motorway network with the Baillieston Interchange lying around 3 miles to the east of the development, linking the M8 to M74 (M6), M73 (M80) motorways.

Both Glasgow and Edinburgh Airports are within 30 minutes’ drive from Link Park; Prestwick Airport Air Freight terminal can be reached in around an hour (via the M77 motorway); Mossend Rail Freight terminal in Eurocentral is within 3 miles of the development; and Grangemouth cargo port is around 30 minutes’ drive to the north.

From the M8, Link Park is accessed via the A73 and A775 (Edinburgh Road) onto the new Edinburgh and Glasgow Road. Neighbouring occupiers include Co-operative Food and Brakes’ Scottish distribution centres, WH Malcolm, Terex and Honeywell.

Nearby amenities include a 3-star, Premier Inn hotel with on-site restaurant and meeting rooms, The Newhouse Beefeater pub/restaurant and a 24-hour petrol filling station. Alternatively, The Dakota Hotel Eurocentral is also close by; around 2.5 miles to the west of Link Park, about 7 minutes’ drive away, with its luxury rooms, Dakota Bar & Grill, and offering small to large spaces to host corporate events.

More details can be found on the Property Brochure and Schedule attached to this listing.

Location

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Location: Unit 1, Link Park, 15 Glasgow & Edinburgh Road, Newhouse, ML1 5GJ

Carfin (1.6 miles)

Holytown (1.7 miles)

Cleland (2.2 miles)

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