High Yielding Multi-Let Industrial Investment, Telford Court, Clydebank Business Park, Glasgow, G81 2NR
£1,360,000 Offers Over
0 - 32,924 Sq ft
• Multi-let asset with proven high occupancy and tenant retention
• Located just 6.5 miles from Glasgow city centre on a main arterial route, attracting inherent business occupier demand
• Extending to 32,924 sq ft including 15 industrial units (11 tenancies) each with their own dedicated rear yard for access and storage
• Fully let and providing WAULTs of 3.57 yrs term certain and 3.96 yrs to expiries off low passing rents
• Ground lease interest expiring 2108 from Threadneedle Property Investments. Current ground rent is £24,517 p.a. being 15% of rent collected
• Gross rent of £163,448 p.a. (only £4.96 psf average) offering numerous opportunities for reversion
• Net rent of £138,931 p.a.
• Potential ERV of £152,534 p.a.
• Seeking offers in excess of £1.36m exclusive
• Providing an attractive net initial yield of 9.64% (based on the net rent) and a low capital rate of £41.31 psf
|Units 1 - 15||0 - 32,924 Sq ft|
|TOTAL||0 - 32,924 Sq ft|