10 year leaseback to long-established engineering company (57 years on site)
Summary
- Parent company guarantee
- 2.8 acres, Freehold site - could suit, reconfiguration, redevelopment, alternative uses (eg: supermarket, retail, leisure)
- Reversionary rent (passing £220k / £4.95/sqft)
- NIY 9.02%
Location
Glenearn Road is ideally positioned close to the city centre, but within easy reach of the M90 / A9 and wider motorway network. Neighbouring occupiers include, MKM builders merchant, Jewson, Glenearn Flooring (retailer), Greggs, Tesco, Skoda, SAAB and Howden.
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Mainline Stations
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Perth12 mins
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Dunkeld and Birnam254 mins
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Gleneagles262 mins
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Ladybank274 mins
Underground Station
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Chesham6621 mins
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Amersham6662 mins
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Chalfont and Latimer6682 mins
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Chorleywood6711 mins
Further Information
Price £2,300,000 VAT FREE
Rates Payable £89,232.80 per annum
Service Charge n/a
Estate Charge n/a
Description
The premises comprise over 44,000 sqft of industrial workshops and offices - providing up to 8 m eaves and excellent production configuration to take advantage of the large 2.8 acre site with 2 entrance / exits from Glenearn Road.
The investment sale will comprise a 10 year guaranteed leaseback to Edwards Engineering who have traded from the site continuously for 57 years.
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