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Thornebridge Business Centre Laurieston Rd 4,343 sq ft 100% Let Office Property Grangemouth FK3 8XX £350,000 (£80.59/sq ft) 11.39% Net Initial Yield



INVESTMENT HIGHLIGHTS
- Prominent roadside location.
- Office space over two floors
- Great Transport Links.
EXECUTIVE SUMMARY
We are seeking offers in excess of £350,000 excluding VAT for the investment, which provides a Net Initial Yield of 11.39% after allowing for the deduction of purchasers costs of 3.81%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
4,343 sq ft
Costar Property Class
B
Year Built
1987
Price
£350,000
Price per sq ft
£80.59
Yield
11.39%
NOI
£39,865
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
3,553 sq ft
Plot ratio
0.87
Total Plot Size
0.11 ac
Parking
36 Spaces (5.06 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Kitchen
- Reception
- Common Parts WC Facilities
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- Direct Rail Services
- Transportation and Warehousing
- 1,451 sq ft
- £19.01
- Jan 2025
- Laura Burden T/A Gizzy Melts
- Retailer
- 167 sq ft
- £12.57
- Mar 2025
- LES Fulfilment Ltd
- Manufacturing
- 519 sq ft
- £10.40
- Aug 2027
- Logo Embroidery Scotland Ltd
- Retailer
- 1,255 sq ft
- £9.51
- Sep 2027
- Moirs Cleaning
- Service type
- 283 sq ft
- £11.71
- Mar 2026
- Rachael Curran
- -
- 339 sq ft
- £12.39
- Feb 2027
- WM Consultants
- -
- 374 sq ft
- -
- Jan 2025
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| Direct Rail Services | Transportation and Warehousing | 1,451 sq ft | £19.01 | Jan 2025 | ||
| Laura Burden T/A Gizzy Melts | Retailer | 167 sq ft | £12.57 | Mar 2025 | ||
| LES Fulfilment Ltd | Manufacturing | 519 sq ft | £10.40 | Aug 2027 | ||
| Logo Embroidery Scotland Ltd | Retailer | 1,255 sq ft | £9.51 | Sep 2027 | ||
| Moirs Cleaning | Service type | 283 sq ft | £11.71 | Mar 2026 | ||
| Rachael Curran | - | 339 sq ft | £12.39 | Feb 2027 | ||
| WM Consultants | - | 374 sq ft | - | Jan 2025 |
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Thornebridge Business Centre | Laurieston Rd
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