28 Queen Elizabeth Ave - Light Manufacturing FOR SALE


Glasgow, GLG G52 4NQ
$410,000 USD
28 Queen Elizabeth Ave, Glasgow, GLG for Sale
$410,000 USD
Light Manufacturing - FOR SALE
1/6
null | 6.74% Cap Rate

28 Queen Elizabeth Ave
Glasgow, GLG G52 4NQ


HIGHLIGHTS

  • Located in Scotland's largest industrial estate / business park
  • Let to Express Image Ltd on an FRI basis, expiring September 2036
  • Passing rent of £28,750 per annum

OVERVIEW

The subject property is an attractive modern industrial unit of steel portal frame construction and is comprised over ground and first floors. Internally, the ground floor provides workshop accommodation with office and staff facilities located at first floor. There is car parking for 5 years to the front, with an access road to the side leading to a rear yard. The property is let to Express Image Ltd on a 15 year full repairing and insuring lease which commenced on 8 September 2021. The passing rent is £28,750 per annum with rent reviews in years 5 & 10. There is a Tenant Only break option in years 5 & 10 on not less than 6 months' prior written notice.

FOR SALE DETAILS

PRICE

$410,000 USD

PRICE/SF

$100 USD /SF

CAP RATE

6.74%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2006

UTILITIES

Lighting, Water - City, Sewer - City

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06

LAND SF

2,500

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Alex CulverwellCulverwellMore Info

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