Multi Let Office Investment with Asset Management Opportunities
Highly prominent office buildings in the centre of Livingston
Opposite the retail and leisure amenities in the town
Modern office development of two distinct parts
Private car parking to the rear
Arrochar House approximately 1,338.44 sq m (14,407 sq ft)
Torridon House approximately 1,207.17 sq m (12,994 sq ft)
Six Week Completion
Lot 44
Auction 12th February 2015
Rent £96,500 per Annum Exclusive
Status Sold
Price £685,000
Sector Office
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles west of Edinburgh 30 miles east of Glasgow
Roads
A71, M8 (Junction 3A)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Livingston is the administrative centre for West Lothian and the town has attracted occupiers such as Glenmorangie, Quintiles and Sky. Arrochar House and Torridon House are on the northern side of Almondvale Boulevard in the established office pitch within the town centre. Nearby occupiers include Livingston Sheriff Court and Clydesdale Bank The properties are immediately opposite The Centre Shopping Centre, McArthur Glen Outlet and the leisure hub of the town.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
15 miles west of Edinburgh 30 miles east of Glasgow
Roads
A71, M8 (Junction 3A)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Livingston is the administrative centre for West Lothian and the town has attracted occupiers such as Glenmorangie, Quintiles and Sky. Arrochar House and Torridon House are on the northern side of Almondvale Boulevard in the established office pitch within the town centre. Nearby occupiers include Livingston Sheriff Court and Clydesdale Bank The properties are immediately opposite The Centre Shopping Centre, McArthur Glen Outlet and the leisure hub of the town.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
Arrochar House comprises a three storey office building. Torridon House comprises a two storey office building. Both properties have been developed in two distinct parts in an L shaped configuration and are joined so interconnection of both buildings is possible. Both properties have been refurbished and benefit from raised floors, suspended ceilings and both buildings have lift access between the ground and first floors.
There is a right to use 33 car parking spaces with Arrochar House and a right to use 28 car parking spaces with Torridon House.
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705 or the Joint Auctioneer Chris Cuthbert. Telephone +44 (0)131 202 1880.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Arrochar House comprises a three storey office building. Torridon House comprises a two storey office building. Both properties have been developed in two distinct parts in an L shaped configuration and are joined so interconnection of both buildings is possible. Both properties have been refurbished and benefit from raised floors, suspended ceilings and both buildings have lift access between the ground and first floors.
There is a right to use 33 car parking spaces with Arrochar House and a right to use 28 car parking spaces with Torridon House.
VAT
VAT is applicable to this lot.
Viewings
Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705 or the Joint Auctioneer Chris Cuthbert. Telephone +44 (0)131 202 1880.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
Arrochar House
Lower Ground
Office
296.82 sq m
(3,195 sq ft)
VACANT POSSESSION
Ground Floor
Office
501.86 sq m
(5,402 sq ft)
HOME ENERGY INSULATION DIVISION LIMITED
5 years from29/07/2014 (1)
£54,000
(28/07/2019)
First Floor
Office
539.76 sq m
(5,810 sq ft)
VACANT POSSESSION
Torridon House
Ground Floor East
Office
393.99 sq m
(4,241 sq ft)
KW LAW
22 years and 9 months from 24/04/2001 (2)
£42,500
24/04/2019 (23/01/2024)
Ground Floor West
Office
190.08 sq m
(2,046 sq ft)
VACANT POSSESSION
First Floor
Office
623.10 sq m
(6,707 sq ft)
VACANT POSSESSION
Totals
2,545.61 sq m
(27,401 sq ft)
£96,500
(1) The lease provides a rolling mutual option to determine from 29/07/2015 to 28/01/2016 subject to one month’s notice. (2)The lease provides a tenant option to determine on 24/01/2019 subject to six months’ notice.
