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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

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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
  • Listing ID: 24373494

  • Date on Market: 27/10/2021

  • Last Updated:

  • Address: Laurieston Rd, Grangemouth FK3 8XX

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