PROPERTIES

154 Craighill Road, Port Dundas, Glasgow G4 9TD

Price£10,500,000

PDF DETAILS

154 Craighill Road, Port Dundas, Glasgow G4 9TD

  • Price£10,500,000
  • Income£674,262 pa
  • Yield6.00%
  • SectorOut of Town Retail
  • StatusAvailable
PDF DETAILS

High Quality Well Secured Booker Warehouse Investment

Summary

  • Located in an established location approximately 1.5 miles to the north of Glasgow City Centre with immediate access to J16 of the M8 Motorway.
  • Purpose built warehouse building of 110,095 sq ft (10,228 sq m) with secure yard and parking.
  • Well let to Booker Limited, with shareholder's funds of £672.9M until 30th March 2037, with a tenant only break option on 31st March 2027.
  • Passing rent of £674,262 pa which includes a vendor top up to July 2019 fixed review.
  • Low base rate of £6.13 psf.
  • 3% per annum fixed uplifts.
  • Site area of approximately 7.8 acres (3.16 hectares) providing a site cover of 28%.
  • Offers in excess of £10,500,000 subject to conclusion of missives and exclusive of VAT.
  • Net initial yield of 6%, with annual increases thereafter after allowing for purchaser's costs of 6.8%.