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30-34 Loanbank Quadrant 5,194 SF Industrial Condo Unit Offered at $776,293 in Glasgow G51 3HZ
INVESTMENT HIGHLIGHTS
- Located within the popular Govan area of Glasgow just off Helen Street
- Industrial investment opportunity let to Tri-Shield Protection Products Ltd located within the popular Govan area of Glasgow
- Well-presented semi detached industrial unit with secure yard
EXECUTIVE SUMMARY
Semi-detached industrial premises of steel portal frame construction surmounted by pitched insulated panel roof incorporating daylights. Internally the subjects provide open-plan warehouse accommodation with vehicle access door from secure yard. Separate pedestrian access is provided leading into the offices that are arranged over ground and first floor level. The subjects are complete with staff welfare facilities.
PROPERTY FACTS
| Total Building Size | 10,544 SF | Typical Floor Size | 10,544 SF |
| Property Type | Industrial (Condo) | Year Built | 1988 |
| Property Subtype | Warehouse | Lot Size | 0.30 AC |
| Building Class | B | Parking Ratio | 0.76/1,000 SF |
| Floors | 1 |
| Total Building Size | 10,544 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 10,544 SF |
| Year Built | 1988 |
| Lot Size | 0.30 AC |
| Parking Ratio | 0.76/1,000 SF |
AMENITIES
- Fenced Lot
- Security System
- Automatic Blinds
UTILITIES
- Lighting
- Water - City
- Sewer - City
1 UNIT AVAILABLE
Unit 34
| Unit Size | 5,194 SF | Sale Type | Investment |
| Price | $776,293 | Tenure | Freehold |
| Price Per SF | $149.46 | Cap Rate | 7.50% |
| Condo Use | Industrial | NOI | $58,221.95 |
| Unit Size | 5,194 SF |
| Price | $776,293 |
| Price Per SF | $149.46 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.50% |
| NOI | $58,221.95 |
DESCRIPTION
Semi-detached industrial premises of steel portal frame construction surmounted by pitched insulated panel roof incorporating daylights.
Internally the subjects provide open-plan warehouse accommodation with vehicle access door from secure yard.
Separate pedestrian access is provided leading into the offices that are arranged over ground and first floor level. The subjects are complete with staff welfare facilities.
SALE NOTES
Let to Tri-Shield Protection Products Ltd (SC591727) with a parent company guarantee from Tri-fix Industrial Fasteners Limited (SC124270) with shareholders funds of £1.48M.
10 years from 11/10/22 subject to a tenant only break option on 11/10/2027
Passing rent of £45,000 per annum (£9/sq ft), subject to an upwards only rent review: 11/10/2027
Rent review is higher of open market or RPI capped and collared at 4% & 2%
Rent will be increasing to a minimum (based on RPI uplift) of: £51,440 in October 2027.
Presented by
30-34 Loanbank Quadrant
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