Location - Unit 14 Cotton Street Industrial Estate, 198 Swanston St, Glasgow
The subjects are located on the west side of Swanston
Street within Cotton Street Industrial Estate, and lie within the
Dalmarnock area of Glasgow, lying some 2.5 miles east of the
city centre. The Dalmarnock area continues to benefit from
the legacy of the 2014 Commonwealth Games, which has
undergone a remarkable residential led transformation from
a heavy industrial past to a modern vibrant community. The
major regeneration projects have included the M74 extension
providing excellent access to the motorway network, the
Clyde Gateway Route which connects the M74 and M8 locally
and the new Dalmarnock Train Station further enhancing the
connectivity and status of the location. Junction 1A of the M74
is a short drive from the subjects and the new Dalmarnock
Train Station is a short walk. There is ample car parking locally.
Surrounding occupiers include Stratum Masonry, Precious
Time Cleaning and ECO Refrigeration, Shedman and Absolute
Storage.
Description
The subjects comprise a mid terraced two storey property
with blockwork walls clad externally in profile sheeting under a
profile sheet clad roof, with 6 car spaces to the front.
Internally, the premises consist of a ground floor workshop
and 1st floor offices. Loading access to the workshop is from
a 2.75m x 2.80m roller shutter with a separate entrance to the
offices, with the 1st floor accessed from timber stairs.
The workshop has access to a toilet. The 1st floor comprises
two large open plan offices, a smaller front office and a
kitchen and toilet. The offices are presented to good standard
including laminate flooring, painted plaster walls, a suspended
ceiling and LED lighting. There are double glazed windows at
the front elevation providing excellent daylight.
Floor Area
Gross Internal Area:
Workshop: 1,063 sq ft (98.92 sq m)
1st Floor Office: 1,276 sq ft (117.75 sq m)
Total: 2,330 sq ft (216.57 sq m)
Rent / Terms
£17,500 per annum, exclusive of VAT.
The lease is offered on full repairing and
insuring terms for a period to be agreed.
Business Rates
RV: £11,300
Payable: £5,627
The unit benefits from 100% rates relief under
the Small Business Bonus Scheme. For further
information contact the Director of Finance at
Glasgow City Council.
Service Charges
The tenants shall pay a charge for the upkeep of the common
parts of the estate and a share of the building's insurance
premium.
Energy Performance Certificate
Upon request.
Legal Costs
Each party will be responsible for their own legal costs and
outlays including VAT incurred.
VAT
All prices, rents, premiums etc. are quoted exclusive of VAT.
Interested parties must satisfy themselves as to the instance of
VAT in respect of any transaction.
Anti Money Laundering Regulations
The Money Laundering, Terrorist Financing and Transfer of
Funds (Information on the Payer) Regulations 2017 came into
force on the 26th June 2017. This now requires us to conduct
due diligence not only on our client but also on any purchasers
or occupiers. Once an offer has been accepted, the
prospective purchaser(s)/occupier(s) will need to provide, as a
minimum, proof of identity and residence and proof of funds for
the purchase, before the transaction can proceed.