Balmore Industrial Estate is a well established estate situated circa 2 miles to the north of Glasgow city centre with easy access to the city centre and central Scotland motorway network.
The subjects lie on the east side of Strathmore Road which is accessed from the roundabout at the Estate entrance. Other occupiers on the Estate are a mix of national and local traders including Allied Bakeries and Neilston Joinery.
The property comprises a freestanding double warehouse unit of traditional steel portal frame construction with outspan offices to the front. The unit benefits from vehicular access to the front with a small secure yard.
The office block provides staff and wc facilities with additional offices and storage rooms created within the main warehouse. In addition generous mezzanine storage is provided within the main warehouse.
There is an area of public parking for visitors to the Estate opposite the subjects.
We have been advised by the Local Valuation Board that the property has a rateable value of £32,500.
We calculate that the rates payable for the current financial year 2025/26 are £16,185.
From our measured inspection the unit extends to the following gross internal areas:
Warehouse: 9,832 ft² (913.42 m²)
Mezzanine: 4,078 ft² (378.85 m² )
Offices: 976 ft² ( 90.67 m² )
TOTAL: 14,886 ft² (1,382.95 m²)
The subjects are held on a ground lease from Glasgow City Council at a current rent of £4,650 per annum. The lease expires in 2065 and is subject to review in February 2029 and 2050.
Our clients are seeking offers in excess of £235,000 for the benefit of their long leasehold interest.
All rents, prices etc are quoted net of VAT.
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.
For arrangements to view and further information please contact this office.