Property Information
Address:
High Yielding Multi-Let Industrial Investment, Telford Court, Glasgow
, G81 2NR
Price: Property no longer available.
Size: 354420 sq ft32926 sqm
Primary Category: Industrial
All Categories:
Industrial,
Property Ref/Movehut: MH618815
Property Ref/Agent: Ryden_4524
*Please use the agent ref when calling the agent directly.
Property description
• Multi-let asset with proven high occupancy and tenant retention• Located just 6.5 miles from Glasgow city centre on a main arterial route, attracting inherent business occupier demand• Extending to 32,924 sq ft including 15 industrial units (11 tenancies) each with their own dedicated rear yard for access and storage• Fully let and providing WAULTs of 3.57 yrs term certain and 3.96 yrs to expiries off low passing rents• Ground lease interest expiring 2108 from Threadneedle Property Investments. Current ground rent is £24,517 p.a. being 15% of rent collected• Gross rent of £163,448 p.a. (only £4.96 psf average) offering numerous opportunities for reversion• Net rent of £138,931 p.a.• Potential ERV of £152,534 p.a.• Seeking offers in excess of £1.36m exclusive• Providing an attractive net initial yield of 9.64% (based on the net rent) and a low capital rate of £41.31 psf
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