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9 South Avenue - Clydebank Business Park - Telford Court, Clydebank, WDU

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Clydebank Business Park - Telford Court - 9 South Avenue

Clydebank, G81 2NR

(995.6 KB)

Property type:Industrial Sub type:Warehouse Status:Existing Year built:1985
Building size:14,008 sq ft Land area:-
Eaves height:- Loading docks:No
For sale price:For Sale Price:-
Sprinklers:- Drive in bays:4 tot.
Portfolio:This property is for sale (for £1,360,000) as part of a portfolio of 3 properties. Amenities:Yard, Roller Shutters

The property comprises a detached industrial building of steel portal framed construction, under a pitched, clad roof, incorporating translucent panels. Externally, the building is clad in both brickwork and profile metal sheeting to eaves height.

The property is located within Clydebank Business Park approximately 8 miles west of Glasgow city centre on the northern side of the River Clyde. The park entrance is situated on the A8014 Kilbowie Road, accessed from either the A814 or the A82 to the north. The main motorway networks, including the Erskine Bridge and Clyde Tunnel are located only a short distance away. Access to Telford Court is via South Avenue.

Sale Notes:
Telford Court is located within Clydebank Business Park, an established office and industrial park situated 6.5 miles North West of Glasgow city centre

The property is held on a Long leasehold from Threadneedle Property Investments expiring 2108 at a current passing ground rent of £24,517 p.a. exclusive (being 15% of rent received)
The property comprises 15 industrial units each with their own yard totalling 32,924 sq ft (3,058.74 sq m)

Passing rent of £138,931 p.a. exclusive (after ground rent deduction)

Current average rent of £4.96 psf

WAULT of 3.57 years term certain and 3.96 year to expiry

Offers in excess of £1.36m / 9.64% Net Initial Yield

Attractive low capital value rate of only £41.31 psf

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