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Erskine Ferry Road, Old Kilpatrick, Scotland, G60 5EU
For Sale
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Tenure
For Sale -
Type
Investment -
Price
Offers in Excess Of £1,950,000 -
Size
27,652 Sq Ft -
Ref No
15844
Property Highlights
- 15 FRI Year Lease to Logitech Ltd (Creditsafe score of 72A)
- The A82 is less than a 5 minute drive, with Glasgow Airport within a 15 minute drive
- £165,912 per annum reflecting £6.00 per sq ft
- The lease benefits from 5 yearly upward only rent reviews geared to the Retail Price Index (Collared 2.00%, Capped 4.00%)
- Heritable Interest (Scottish equivalent of English Freehold)
- Neighbouring the proposed Scottish Marine Technology Park - (30,000 sq m) 300,000 sq ft development
- Total Accommodation of 27,652 sq ft (2,569 sq m)
- Offers in excess of £1,950,000 exclusive of VAT, reflecting a net initial yield of approximately 8.00%, and a low capital value of £71 per sq ft assuming standard purchaser's costs
Overview
Sale and leaseback with guaranteed rental performance in Old Kilpatrick, Glasgow.
The property comprises two distinct structures arranged in a horseshoe configuration, offering a combined Net Internal Area (NIA) of 27,652 sq ft. The original building, constructed in 1980, features a steel frame with profile metal cladding, breeze block office spaces, and an asbestos roof. A modern extension to the north, erected in 2001, consists of a steel portal frame with metal profile cladding. The facility has been customised to meet Logitech's specific operational needs, including office accommodation and custom built laboratories. The warehouse's areas are located to both the east and west of the link building and reception.