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Erskine Ferry Rd

27,652 SF Industrial Building Old Kilpatrick G60 5EU £1,950,000 (£71/SF)

Investment Highlights

  • Large car park.
  • The A82 is less than a 5 minute drive, with Glasgow Airport within a 15 minute drive.
  • Gated entrance.

Executive Summary

We are instructed to seek offers in excess of £1,950,000 exclusive of VAT. A purchase at this level reflects a net initial yield of approximately 8.00%, after purchaser’s costs.
The property is offered subject to a new 15-year full repairing and insuring lease to Logitech Limited, the initial rent will be £165,912 per annum payable quarterly in advance. Rent reviews will be 5 yearly, upward only reviews geared to the Retail Price Index per annum (Collared 2.00%, Capped 4.00%).

Attachments

Brochure

Property Facts

Price £1,950,000
Price Per SF £71
Sale Type Investment
Tenure Freehold
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 3.30 AC
Rentable Building Area 27,652 SF
Number of Floors 1
Year Built 1980
Tenancy Single
Parking Ratio 1.81/1,000 SF
Level Access Doors 3

Amenities

  • 24 Hour Access

Utilities

  • Lighting
  • Water - City
  • Sewer - City
  • Listing ID: 34047119

  • Date on Market: 02/12/2024

  • Last Updated:

  • Address: Erskine Ferry Rd, Old Kilpatrick G60 5EU

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