Inner City Estate lies just to the north of Glasgow City Centre and is also easily accessible from the M8 motorway. Occupiers in the surrounding area include a mix of trade uses with a number of car showrooms and new student housing developments also located nearby.
The subject premises form the end of a modern parade of single storey warehouse units.
The warehouse is of steel frame construction with blockwork infill and profile metal cladding above. The subjects benefit from a single storey office building to the front and the unit has 11 dedicated parking spaces.
There is a single roller shutter to the front elevation with separate access to the offices.
The estimated NIA is 3,829 ft² (355.72 m²).
The premises are held on an existing FRI lease until 21st December 2028 at a current rent of £39,000 per annum exclusive.
Our clients are looking to assign their lease or they may consider sub-letting the property.
We understand that the premises currently have Class 4,5 & 6 Consent.
The property has an ‘E’ rating, a copy of the EPC is available on request.
The property is entered in the Valuation Roll as follows:
Description: Store etc.
Rateable Value (‘23/’24): £35,750
All the terms are quoted net of VAT where applicable.
Each party to be responsible for their legal costs, with the ingoing tenant being responsible for LBTT together with any costs incurred by the Landlord.
Upon conclusion of legal formalities.
To comply with Money Laundering Regulations we are legally required to undertake due diligence on prospective purchasers/tenants which will at a minimum include proof of identity/address and funding. Applicable documentation will therefore be required on agreement of Heads of Terms.
Strictly through this office.