Units 12 & 13 Spiersbridge Terrace Thornliebank Industrial Estate Glasgow G46 8JH

Units 12 & 13 Spiersbridge Terrace
Thornliebank Industrial Estate
Glasgow
G46 8JH

Heritable Industrial Investment

Let to Component Coating & Repair Services Ltd t/a Curtiss-Wright
Benefits from roller shutter doors, car parking and use of a secure yard
Approximately 16,574 sq ft
Situated on an established industrial estate

Lot
52
Auction
13th July 2017
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£400,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Interested?

Expand
Photos
Map

Heritable Industrial Investment

Let to Component Coating & Repair Services Ltd t/a Curtiss-Wright
Benefits from roller shutter doors, car parking and use of a secure yard
Approximately 16,574 sq ft
Situated on an established industrial estate

Lot 52
Auction 13th July 2017
Rent £65,000 per Annum Exclusive
Status Sold
Price £400,000
Sector
Industrial, Warehouse
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 6 miles south-west of Glasgow City Centre
Roads: A727, M77 (Junction 3)
Rail: Thornliebank Railway Station
Air: Glasgow International Airport

Situation

Thornliebank Industrial Estate is a popular and established industrial location six miles from Glasgow City Centre and is strategically located at junction 3 of the M77, which provides access to Glasgow to the north and Kilmarnock to the south. The property is prominently situated within the heart of the estate on the north side of Spiersbridge Terrace.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 6 miles south-west of Glasgow City Centre
Roads: A727, M77 (Junction 3)
Rail: Thornliebank Railway Station
Air: Glasgow International Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a self-contained industrial unit which forms part of a larger terrace and provides ground floor warehouse and office accommodation. The property benefits from an eaves height of 3 metres, roller shutter doors, car parking and use of a secure palisade fenced yard.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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	Warehouse/ Office	1,539.70 sq m	(16,574 sq ft)	COMPONENT COATING AND REPAIR SERVICES LIMITED (1) t/a Curtiss-Wright	5 years from 03/02/2015 (2)	£65,000	02/02/2020
Total		1,539.70 sq m	(16,574 sq ft)			£65,000

(1) For the year ending 31st December 2015, Component Coating and Repair Services Limited reported a turnover of £7,114,211, pre-tax profits of £1,591,089 and a total net worth of £5,178,056 (Source: Experian Group 13/06/2016).
(2) The lease provides for a tenant option to determine on 2nd February 2018. If the option to determine is not exercised the tenant will benefit from a rent free period from 3rd February 2018 until 2nd May 2018.