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Dundyvan Enterprise Park , Dundyvan Way , Coatbridge , ML5 4AQ

1

Tenure:

For Sale

Type:

Investment property

Price:

£2,750,000 Offers in Excess Of

Size:

40,612 Sq ft

Built in 2013, the subjects comprise three terraces of modern high quality industrial accommodation, providing a total of 15 units.

The property has a shared yard area and dedicated car parking and loading facilities.

Floors/Units:
Total of 15 units 40,612 Sq ft
TOTAL 40,612 Sq ft
- High quality modern multi-let industrial investment opportunity.
- Well established industrial location.
- 15 units with total Gross Internal Area of 60,612 sq ft (3,773 sq m).
- Tenants include King Security & Communications Ltd, ALS Environmental Ltd and Magdalene Ltd.
- Gross passing rent of £249,472 per annum with a total net income of £242,430 per annum.
- Reversionary income of £261,529 per annum, upon letting of Unit M.
- Heritable Interest.
- Potential to sell off units to owner occupiers.
- Offers in excess of £2.75m, NIY 8.32% after allowing for purchaser's costs based on LBTT, with reversionary of 8.98% upon the letting of Unit M. A purchase at this level reflects a capital value of £68 psf.

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