Property Details

17 South Avenue Blantrye Industrial Estate
South Lanarkshire, Blantyre

Offers over£325,000

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PropertyDescription

Unit 17, South Avenue, Blantyre, Glasgow G72 0XB

LOCATION

The premises, situated between the South Lanarkshire towns of Blantyre and Hamilton, is located along South Avenue in the Blantyre Industrial Estate. The industrial estate is just a short drive from the A725, which leads directly to the M74. The M74 also connects to the M8 and M74 motorways, giving this property the great benefit of proximity to Scotland’s major roads.

DESCRIPTION

The subjects comprise a large industrial food factory/warehouse unit, sat in a block of similarly configured warehouses, with a gated and fenced central courtyard. There are multiple entry points into the warehouse, either through the roller access shutter inside the gated courtyard, or through multiple doorways along the outward-facing elevations of the building.

Inside the unit is well thought out layout to suit its purpose as a thriving wholesale food company who provide produce for supermarkets with canteen, staff areas food preparation areas, loading bay,  private offices  and  plenty of storage.

ACCOMMODATION

According to our recent measurement survey, the subjects comprise of the following approximate net internal area:

  • 434 sq. m (4,672 sq. Ft).

SALE PRICE

Our clients are looking to sell the premises and are looking for offers over of £325,000.

LEASE DETAILS

The property is to be sold with an existing Full Repairing and Insuring (FRI) lease in place for 10 years, having commenced in February 2020. The current rent is £26,000 per annum with fixed reviews. Years 1 and 2 = £26,000 per annum.  Year 3,4 and 5 = £27,000 per annum.  Year 6,7 and 8 = £33,000 per annum.  Year 9 and 10 = £35,000 per annum.  More details are available upon request.

RATEABLE VALUE

According to the Scottish Assessor’s website (www.saa.gov.uk) the subjects have a rateable value of £29,000. The uniform business rate for the current year is £0.49 pence in the pound.

Occupiers may be eligible for rates relief through the Small Business Bonus Scheme if the combined rateable value of all their business premises in Scotland is £35,000 or less.

UTILITIES

The utilities serving the property are mains water, large gas supply and three phase electricity with individual meters for each.

ENERGY PERFORMANCE CERTIFICATE

The EPC rating of this property is currently pending.

ENTRY

Upon completion of a formal missive under Scots Law.

LEGAL COSTS

Each party shall bear their own legal costs.

VIEWING AND FURTHER INFORMATION

By appointment through the sole selling agent, ime DJK Group Ltd.

PropertyOverview

  • Property ID:P569
  • Postal Code: G72 OXB
  • Status:For Sale
  • Type: investment
  • Class:5 (Industrial)
  • Property Size:4,672 sq ft
  • Price:£325,000

ExtraInformation

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