Carntyne Industrial Estate

• Rarely available multi-let industrial park within the east-end of Glasgow.
• Located 3 miles east of Glasgow city centre with easy access to both the M74 & M8.
• The estate has been comprehensively refurbished and comprises 17 units extending to a total GIA of 99,672 sq ft (9,260 sq m).
• Fully let providing a term certain WAULT of 4.33 years and 6.82 years to expiry.
• Let at a total passing rent £726,701 per annum (average of £7.29 per sq ft).
• Guaranteed reversion via CPI linked rent reviews on 85% of the total income.
• Site area of 7.06 acres, providing a low site coverage of 32%.
• Heritable interest.
• Offers in excess of £8,000,000 exclusive.
• Attractive Net Initial Yield of 8.52% and a low capital rate of £80 psf

LOCATION Carntyne Industrial Estate is located within Glasgow, approximately 3 miles east of the city centre. The subjects are accessed via Carntynehall Road. The estate benefits from excellent communication links to Scotland’s motorway network being less than 1.5 miles south of J12 of the M8 and less than 2 miles north of J2A of the M74. Carntyne comprises a mixed use residential and commercial suburb of the city with a variety of industrial properties close by. In addition, the estate benefits from its proximity to Carntyne Railway Station, approximately 300m to the south.DESCRIPTION The estate extends to 99,672 sq ft and comprises 17 units ranging in size from 925 to 9,969 sq ft on a site extending to approximately 7.06 acres. The estate has been comprehensively refurbished including the external elevations being re-sprayed, office roofs being re-felted as well as internal works comprising of new LED lighting throughout, redecoration of office and warehouse elements as well as new kitchenettes and WCs. • Each unit benefits from the following specification: • 3 phase electrical supply • 4.00m minimum eaves height • Vehicular access via a roller shutter door to the rear of the units • WC facilities • Ancillary office accommodation Externally, the units within the western terrace benefit from a secure yard as well as Units 59 and 69 on the eastern terrace.