PROPERTIES

Booker, 154 Craighall Road, Port Dundas, Glasgow G4 9TD

Price£11,200,000

PDF DETAILS

Booker, 154 Craighall Road, Port Dundas, Glasgow G4 9TD

  • Income£715,430
  • Yield6%
  • SectorIndustrial
  • StatusSold
PDF DETAILS

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%.