Unit 1 Almondview Office Park Livingston West Lothian EG54, 6SF

Unit 1 Almondview Office Park
Livingston
West Lothian
EG54, 6SF

Modern Heritable Office Investment

Part let to Ingeus UK Limited
Ingeus UK Limited did not exercise their March 2016 break option
Established office location within the town centre
Totalling approximately 1,071.35 sq m (11,532 sq ft)
Includes exclusive rights to use 27 car parking spaces
Nearby occupiers include Mercure Hotel, Asda, Superstore, Argos, Boots the Chemist and BHS
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
65
Auction
23rd March 2016
Rent
£41,000 per Annum Exclusive
Status
Sold
Price
£350,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Modern Heritable Office Investment

Part let to Ingeus UK Limited
Ingeus UK Limited did not exercise their March 2016 break option
Established office location within the town centre
Totalling approximately 1,071.35 sq m (11,532 sq ft)
Includes exclusive rights to use 27 car parking spaces
Nearby occupiers include Mercure Hotel, Asda, Superstore, Argos, Boots the Chemist and BHS
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 65
Auction 23rd March 2016
Rent £41,000 per Annum Exclusive
Status Sold
Price £350,000
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 15 miles west of Edinburgh, 30 miles east of Glasgow
Roads: Livingston Road (A899), A71, M8 (Junctions 3 & 3A)
Rail: Livingston North and Livingston South Railway Stations (21 mins direct to Edinburgh)
Air: Edinburgh International Airport (8 miles)

Situation

Livingston is Scotland’s fourth New Town and the administrative centre for West Lothian, located adjacent to junctions 3 and 3A of the M8 Motorway. The town has attracted occupiers such as Glenmorangie, Johnson & Johnson, Quintiles, Sky, Heineken and Mitsubishi. Almondview Office Park is strategically located on the north side of Almondvale Road off Livingston Road (A899), close to the A71.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 15 miles west of Edinburgh, 30 miles east of Glasgow
Roads: Livingston Road (A899), A71, M8 (Junctions 3 & 3A)
Rail: Livingston North and Livingston South Railway Stations (21 mins direct to Edinburgh)
Air: Edinburgh International Airport (8 miles)

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a modern, detached two storey office building which benefits from double glazing, suspended ceilings, raised floors, comfort cooling and the right to park approximately 27 cars.

Six week completion

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

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	Reversion
Ground (right wing)	Office	268.69 sq m	(2,892 sq ft)	INGEUS UK LIMITED (1)	Approx 8 years & 6 months from 01/09/2009 (2)	£41,000	18/03/2018
Ground (left wing)	Office	265.23 sq m	(2,855 sq ft)	VACANT POSSESSION
First	Office	537.43 sq m	(5,785 sq ft)	VACANT POSSESSION
Totals		1,071.35 sq m	(11,532 sq ft)			£41,000

(1) Ingeus UK is a leading provider of people-centred services, such as employability programmes, skills training and health-related support and operates from over 80 offices, employing 1,600 people. (Source: www.ingeus.co.uk) For the year ending 31st December 2014, Ingeus UK Limited reported a turnover of £145,537,000, pre-tax profits of £12,811,000 and a total net worth of £18,040,000. (Source: www.riskdisk.com 18/02/2016)
(2) The property was originally let for a term of years from 9th September 2009 expiring 4th October 2015 at a rent of £41,000 p.a.x. By way of a deed of variation dated 14th September 2015, the lease was extended so the lease now expires 18th March 2018 with a tenant option to determine on 18th March 2017.