Dalcross - Dalcross Industrial Estate - Site 4, Inverness, HLD

The property comprises a single storey industrial building with self contained rear yard. The property is located adjacent to the rapidly expanding Inverness Airport, where a new Business Park is about to be developed. Inverness, the Highland capital, is some 6 miles west and the location is linked directly to the A96 Aberdeen-Inverness trunk road.

Sale Notes:
The available space comprises an industrial warehouse extending to 8,825 sq ft.

Offers to purchase in excess of £450,000 are invited. It is not anticipated that VAT will arise on the transaction. A purchase at this level reflects a net initial yield in excess of 9% after allowing purchasers costs of 5.8%.

LEASE TERMS: The lease is on full-repairing terms, subject to a Schedule of Condition, for a 10 year period from January 2009, with rent reviews after 3 and 6 years, at which dates there are also mutual break options. The January 2012 review has been implemented and the rent passing is £43,598 per annum.

The property is leased to Ringway Infrastructure Services Ltd, who have a UK turnover of £400 million are in turn part of the Eurovia/Vinci Group: leading provider of civil engineering services in over 80 countries and with a group turnover of some €30 billion.