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Porterfield Road - Westway - Block L, Renfrew, RFW

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DetailMap
Westway - Block L Porterfield Road

Renfrew, PA4 8DJ


Property type:Industrial Sub type:Distribution Status:Existing , Renov 1995 Year built:1971
Building size:165,068 sq ft Land area:-
Eaves height:24'6'' Loading docks:No
For sale price:For Sale Price:-
Yield:-
Smallest space:3,358 sq ft Largest space:38,520 sq ft Total space:69,878 sq ft Rent:
£3.50 sq ft
Sprinklers:- Drive in bays:8 tot./10'0''w x 14'0''h
Portfolio:This property is for sale (for £35,480,000) as part of a portfolio of 19 properties. Parking:59 Surface spaces are available; Ratio of .35/1,000 SF Amenities:24 Hour Availability, Conferencing Facility, Fenced Lot, Security System, Yard, Roller Shutters


Space available:
Floor
Sq ft Available
Rent
Status
Lease term
Space use
 GRND
3,358
£3.50 sq ft
Available
Negotiable
Industrial
 GRND
28,000
£3.50 sq ft
Available
Negotiable
Industrial
 GRND
38,520
£3.50 sq ft
Available
Negotiable
Industrial
 
11475704
10486167
8544308
Marketing flyer Marketing Flyer  
Space notes Space Notes  


Floor
Sq ft Available
Rent
Status
Lease term
Space use
GRND
3,358
£3.50 sq ft
Available
Negotiable
Industrial
GRND
28,000
£3.50 sq ft
Available
Negotiable
Industrial
GRND
38,520
£3.50 sq ft
Available
Negotiable
Industrial
The property comprises a terraced industrial building of steel portal framed construction, under a pitched roof, arranged over one floor.

The property is located within Westway which lies a short distance to the west of Glasgow city centre and to the east of Glasgow International Airport. Access to the site is gained via Junction 27 (a four way junction) of the M8 motorway. The main entrance is situated on Porterfield Road just off the A741 the main route into Renfrew from the M8.

Sale Notes:
The available investment comprises over 1.62 million sq ft of accommodation, within 45 individual units ranging from heavy engineering buildings to high quality distribution, logistics and office facilities providing individual units from 4,000 sq ft to 301,717 sq ft in size.

20 acres of development/expansion land is situated to the southern boundary of the site, running parallel to Wright Street. The land is generally level and of regular shape.

Buildings can be designed and constructed to occupiers’ exact requirements, however, a typical specification may include: Steel portal frame construction; Fully insulated profiled sheeting to external walls; Translucent roof light paneling; Minimum 6 metre eaves height; Ability to cross dock; 30kN/m2 floor loading; High quality offices; Surfaced yard; Dedicated car parking facilities; Male & Female toilets; Electric roller shutter doors; Landscaped grounds; 3 phase electricity; Double glazed windows.

Westway benefits from having its own on site dock facility, specifically designed for the marine transportation of heavy/bulky unit loads by RO/RO (roll on roll off), or LO/LO (lift on lift off) cargoes. The dock is on the White Cart Water which is just 1.25 miles from the River Clyde. The dock delivers an ideal solution for goods that cannot be transported by road due to their size and shape.

Westway’s dock facility can accommodate barges of up to and including 80 metres overall length, 24 metres beam and a draft of up to 3.5 metres. Linkspan facility is available for loading/discharge of deck cargo and cranage is available up to 500 tonne and SPMT for loads of up to 4,000 tonne.

Westway Park is well let with a combined occupancy rate 73% by floor area. There are currently 15 vacant units across the Park, extending to a combined floor area of 437,081 sq ft. The largest vacant unit is Block D Units 1-5, extending to 124,358 sq ft.

The Park is let to 23 occupiers under 29 leases and 4 licenses. The largest tenant is Doosan Babcock (50.71% of total gross income). 69% of the current gross income is let to national multiples. Overall WAULT of 4.1 years to earliest breaks and 5.1 years to lease expiry.

The top five tenants include Doosan Babcock, WH Malcolm, Balfour Beatty, Mentorn Media and East West Storage.

Offers in excess of £35,480,000 (Thirty Five Million, Four Hundred and Eighty Thousand Pounds) are invited exclusive of VAT. A purchase at this level would reflect 10% net initial yield and a low capital value of £22 per sq ft.

CBRE
Martyn Brown
0141 204 7703

David Reid
0141 204 7733

  
CBRE
Miller Mathieson
0131 469 7666

  
CBRE
Roderick Mackay
020 7182 2181


GVA
  
JLL


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