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FOR SALE PROMINENT INDUSTRIAL INVESTMENT 5 FIRTH ROAD, LIVINGSTON > OppOrtunity tO acquire a well let and prOminent industrial unit within a pOpular trading estate > passing rental Of £50,500 per annum exclusive > let tO allied dOmecq spirits and wines ltd - a grade “a” extremely lOw risk tenant (d & B rating 5a2) > full repairing and insuring lease expiring 28th July 2016 > attractive net initial yield Of 9.01% > Offers arOund £530,000 FOR SALE PROMINENT INDUSTRIAL INVESTMENT 5 FIRTH ROAD, LIVINGSTON LOCATION Dechmont Uphall the subject premises is situated in the new town of livingston approximately M8 9 Uphall Station 20 miles to the west of edinburgh within easy access of the m8 edinburgh to A8 Edinburgh J3 New Houstoun glasgow motorway. M8 Business Park A8 Knightsridge houston industrial estate is a very well established industrial location to the 99 Industrial B8 Estate 04 north of livingston and provides immediate access to scotland’s main arterial 6 road network. M8 UST ON RD 5 FIRTH ROAD HO specifically the subject property is situated on the north side of firth road with 5 A70 1 a separate yard and access road from the main estate. J3a B7 03 East Calder DESCRIPTION Glasgow B7015 B8046 A7 79 LIVINGSTON Mid Calder the subjects comprise a detached industrial building of steel portal frame A70 5 construction with facing brick walls with double skinned insulated corrugated Town Centre oad cladding above with a upvc clad roof with rear servicing yard and separate nd R Seafield usla 5 Co A70 front car park, both of which have been tarmaced. there are 2 substantial roller A71 shutters to the east elevation of the building providing access to the service yard. internally there are offices along the west elevation which have inlaid acoustic Bellsquarry Polbeth ceilings with inlaid cat 2 diffuser light fitments, carpeted concrete floors, plasterboarded and painted walls and double glazed window units. the industrial accommodation has a sealed concrete floor and has recently been refurbished as part of the current tenant’s interim dilapidations work. ACCOMMODATION the accommodation extends to a gross internal area of 945.42 sq m (10,177 sq ft) including office accommodation extending to 307.97 sq m (3315 sq ft). TENURE the property is held on heritable title (scottish equivalent of english freehold) tenancy. the subjects are currently held on lease by allied domecq spirits and wines ltd on a full repairing and insuring basis until 28th July 2016. the current passing rental is £50,500 per annum (fifty thOusand five hundred pOunds per annum) and there is one rent review due as of may 2011. further lease details are available to seriously interested parties. COVENANT INFORMATION allied domecq spirits and wines ltd (00703977) have a dun and Bradstreet rating of 5a2 with their most recent accounts to June 2009 showing a turnover of £372 million, a pre-tax profit of £182 million and a tangible net worth of £735 million. LEGAL COSTS PRICE each party to bear their own legal costs in the documentation of this we are instructed to seek offers of around £530,000 (five hundred and transaction, however the purchaser will be liable for sdlt, registration dues thirty pOunds) exclusive of vat for our client’s heritable interest, subject to and vat incurred. and with the benefit of the existing lease. a purchase at this level would show an attractive net initial yield of 9.01% VAT allowing for purchase costs at 5.75%. the property is elected for vat. FURTHER INFORMATION for further information please contact: David Maxwell Chris Paterson email@example.com firstname.lastname@example.org 0131 225 1234 0131 228 4466 DISCLAIMER: Burns & Partners and Shepherd Commercial on its behalf and for the Vendors or Lessors of this property, whose Agents they are, give notice that: These particulars are set out as a general outline only for guidance to intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Parties should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Burns & Partners and Shepherd Commercial has any authority to make any representation or warranty whatsoever in relation to this property. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. February 2011.
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