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Agent's details

Avondale Campus, Strathclyde Business Park, Bellshill

For sale: £2,245,000.00|27,849 Sq Ft|Office, Other, Offices, Other Property Types & Opportunities

Property details

FOR SALE£2,245,000.00
SIZE27,849 Sq Ft
ADDRESSAvondale Campus, Strathclyde Business Park, Bellshill
TYPEOffice, Other, Offices, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th October 2021

Description

The property comprises three modern standalone office pavilions extending to 27,849 sq ft. The buildings are arranged over two storeys with each offering a similar specification. Each building benefits from their own designated car parking allocation. A full breakdown of the apportionment can be found within the datasite.

Key Features

- Located in Strathclyde Business Park.

- The buildings are occupied by Securitas Security Services Ltd, Tarmac Trading Ltd and Papillon Private Nursery Ltd providing a WAULT of 4.7 years to e

- The property has a current passing rent, including rent guarantees, of £238,552 per annum, which equates to a low average rent of £10.36 psf.

- Over 42% of the current passing rent is secured against Tarmac Trading Ltd (D and B Rating of 5A2), who have occupied Cambusnethan House since 1999.

- The property offers immediate asset management opportunities.

- Inviting offers in excess of £2,245,000 (Two Million Two Hundred and Forty Five Thousand Pounds) for our clients Heritable
Interest in the Property.

- Based on purchaser's costs of 6.29%, a purchase at this level would reflect a Net Initial Yield of 10.00%

- A capital rate of £81 per sq ft and a reversionary yield of 11.89% based on our opinion of ERV.


( Agency Pilot Software Ref: 110716 )

Location

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Location: Avondale Campus, Strathclyde Business Park, Bellshill

Bellshill (1.1 miles)

Kirkwood (1.5 miles)

Whifflet (1.5 miles)

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