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Unit 7 iO centre Springhill Pky 12,570 sq ft Retail Property Baillieston G69 6GA £1,825,000 (£145.19/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Prime industrial location
- 2 miles to the Baillieston Interchange
- Let to K&G Distribution LTD
- 6 miles to Glasgow city centre
- Standalone industrial unit on Glasgow Business Park
- Private secure yard area
EXECUTIVE SUMMARY
Offers are sought in excess of £1,825,000 (one Million, Eight Hundred and Twenty Five Thousand Pounds Sterling) exclusive of VAT for the benefit of our client’s heritable interest. A purchase at this level would reflect an attractive Net Initial Yield of 6.5% after allowing for purchaser’s costs of 6.17%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Car Dealership
Property Size
12,570 sq ft
Costar Property Class
B
Year Built
2008
Price
£1,825,000
Price per sq ft
£145.19
Yield
6.50%
NOI
£118,625
Tenancy
Single
Number of Floors
2
Plot ratio
0.17
Total Plot Size
1.71 ac
Parking
70 Spaces (5.57 Spaces per 1,000 sq ft Leased)
AMENITIES
- EPC - C
- Roller Shutters
- Storage Space
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NEARBY MAJOR RETAILERS
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Unit 7 iO centre | Springhill Pky
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