High Quality Well Secured Booker Warehouse Investment
Summary
The property is 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 car parking.
Well let to Booker Limited, with shareholders funds of £869.5M, until 30th March 2037 with a tenant only break option on 31st March 2027.
Passing rent of £715,430 pa which includes a vendor top up of the annual review in July 2021.
Low base rent of £6.50 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 £11,200,000 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 6.71%.
