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Wheatfield Rd 57,380 SF Industrial Building Kirkcaldy KY1 3PD $2,692,775 ($46.93/SF)
Investment Highlights
- Let to Astrak (UK) Limited.
- Tenant Break Option July 2029.
- Rent Review 17th November 2026.
- Reversionary Yield between 8.31% and 8.73%.
- Lease from November 2021 until November 2031.
- Rent Passing of £180,000 per annum, exclusive.
- Offers invited in excess of £2.25m (Net Initial Yield 7.5%).
Executive Summary
The subjects comprise a substantial modern detached and extended industrial Warehouse and Office property which is let to Astrak (UK) Limited. The building is of steel portal framed construction benefitting from insulated metal cladding to walls and roof coverings. There is a high specification and good quality, two storey administration block attached to the front of the building, of reconstituted stone block cladding with a large and extended Warehouse attached to the rear which is of steel frame and reconstituted stone block cladding to lower walls and insulated metal cladding to upper walls and roof. There is an additional standalone workshop towards the rear of the site. The industrial accommodation benefits from varied eaves heights ranging from circa 4.95m (16ft) to 5.5m (18ft). The site has the benefit of a 'Tarmacadam' surface car park immediately to the front, with a concrete and mono block surfaced yard to the side and rear which benefits from partial secure perimeter fencing.
Property Facts
| Price | $2,692,775 | Building Class | B |
| Price Per SF | $46.93 | Rentable Building Area | 57,380 SF |
| Sale Type | Investment | No. Stories | 2 |
| Tenure | Freehold/Long Leasehold | Year Built | 2000 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing |
| Price | $2,692,775 |
| Price Per SF | $46.93 |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Rentable Building Area | 57,380 SF |
| No. Stories | 2 |
| Year Built | 2000 |
| Tenancy | Single |
Amenities
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Astrak
- -
- 60,400 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Astrak | - | 60,400 SF | - | - |
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