Seaward Place, Glasgow, G41

Location

Centurion Business Park is conveniently located one mile south
west of Glasgow City Centre, adjacent to the M8 motorway at
the junction of Shields Road and Scotland Street.
The subjects benefit from excellent access to the motorway
network; the M8 is accessible via J20 or J21, providing access
to Glasgow City Centre (North), Edinburgh (East) and Glasgow
International Airport, which is a 10 minute drive west. J1 of the
M74 is also closeby.

Shields Road Subway station is a two minute walk East,
providing direct access to the city centre and the wider
Glasgow area.
Neighbouring occupiers within the business park include
Worley, Graham Construction, FTDI Chip, Richmond Fellowship
and Heron Bros.

Description

The property comprises a modern office pavilion over ground
and 1st floors set within a well maintained landscaped
business park. There are 8 designated car spaces benefiting
the subjects.

The subjects are accessed from a modern glazed entrance
reception. The ground and 1st floors are separately occupied
with the accommodation on each floor comprising a mix of
modern open plan and cellular offices / board and meeting
rooms formed with glass partitioning together with reception
space, tea prep and male and female toilets.

Specification highlights include:
* Suspended ceiling with recessed lighting
* Raised access flooring with 150mm void
* Carpet floor finish
* Gas central heating and double glazing
* Modern tea prep facility
* Part air conditioned (ground floor)

Floor Areas
We have measured the premises in accordance with the RICS
Code of Measuring Practice (6th Edition) and calculate a net
internal floor area of:

Ground: 1,267 sq ft (117.71 sq m)
1st Floor: 1,283 sq ft (119.24 sq m)
Total: 2,550 sq ft (236.95 sq m)

Parking: 8 car spaces

VAT
The exemption to VAT has been waived, accordingly VAT will

GROUND FLOOR

The ground floor is let to Soap Box Media Digital Ltd on a 10
year lease expiring 21st March 2029 at a rent of £18,000 pa
(£14.21 psf). The tenant break option schedule for 22 March
2024 was not exercised.

1ST FLOOR

The 1st floor is let to The Service Directory Ltd on a 5 year
lease expiring 31st August 2026 at a rent of £16,500 pa
(£12.86 psf).

Business Rates
The premises have the undernoted rateable values:
Ground Floor: £11,400
1st Floor: £10,300

Both offices, let separately, qualify for 100% rates relief under
the small business bonus scheme.

Sale / Terms
Our client invites offers over £415,000 exclusive of VAT for their
Heritable interest, which assuming standard purchaser's costs
and prevailing LBTT, reflects a Net Initial Yield of 8% and a
capital rate of £162.75 per sq ft.

Legal Costs

Each party is responsible for their own legal costs and the
tenant shall be responsible for lease registration costs and
land tax as standard.

Energy Performance Certificate
A copy can be provided upon request.

Anti Money Laundering Regulations
The Money Laundering, Terrorist Financing and Transfer of
Funds (Information on the Payer) Regulations 2017 came into
force on the 26th June 2017. This now requires us to conduct
due diligence not only on our client but also on any purchasers
or occupiers. Once an offer has been accepted, the
prospective purchaser(s)/occupier(s) will need to provide, as a
minimum, proof of identity and residence and proof of funds for
the purchase, before the transaction can proceed