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FOR SALE PROMINENT INDUSTRIAL INVESTMENT 5 FIRTH

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FOR SALE PROMINENT INDUSTRIAL INVESTMENT 5 FIRTH Powered By Docstoc
					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
                                               d.maxwell@shepherd.co.uk                                                                                                                       cp@bap.co.uk
                                               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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