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Air Link Industrial Estate, Inchinnan Road, Paisley, Renfrewshire, PA3

Offers in Excess of
£700,000

Business rates & charges may apply

Brackenridge Hanson Tate Limited, Leeds
SECTOR
Warehouse for sale

Key features

  • Ideal SIPP investment
  • Great location adjacent to the M8 and Glasgow Airport
  • 2 adjacent industrial units totalling 9,009 sq.ft
  • Let to Toby Webster Ltd
  • Tenant has been in occupation since 2009 and recently renewed
  • Current passing rent - £54,054 pax (£6 psf)
  • Price - offers in excess of £700,000
  • Value underpinned by vacant possession value - £77 psf

Property description

LOCATION
Glasgow is the largest City in Scotland and the third larges in the UK with a population of over 600,000 persons and a 3,000,000 population catchment area.

The City benefits from communication links via the M8 which links the M77 and M74 motorways to the south and M80 to the north.

SITUATION
Airlink Industrial Estate is located on Inchinnan Road, adjacent to the M8 motorway and within ¼ of a mile of Junction 28 which is the main access to Glasgow Airport.

The airport access and the motorway links to the wider Glasgow area make it a popular commercial location with local occupiers including DHL, Kuehne & Nagal, Fedex, Logan Air and Gold Car Rental.

DESCRIPTION
Units 4 & 5 comprise 2 inter-connected single storey industrial units of steel portal frame construction with brick lower walls and profile clad walls and roof. The roof was over-clad in 2012.

Each unit has an eaves height of 4.5m and benefit from an electric roller shutter door and wc facilities.

ACCOMMODATION
The property has been measured in accordance with the RICS Code of Measuring Practice and has the following approximate areas:-

Unit 4 - 418.34 sq.m. (4,503 sq.ft)
Unit 5 - 418.62 sq.m. (4,506 sq.ft)

TENANCY
Both units are let to Toby Webster Ltd at a passing rent of £54,054 pax with effect from 22nd September 2021. The lease expires 22nd September 2031 with an upward only rent review and a tenant's only option to break on 22nd September 2026.

The tenants have been in occupation since 2009 and the lease has recently been varied to extend it until 2031.

TENURE
Long leasehold, expiring in 2175 (154 years unexpired).

A service charge is payable for the repair and maintenance of the common areas which is fully recoverable from the occupational tenants. Full details upon request.

PROPOSAL
The long leasehold interest in the property is for sale at offers in excess of £700,000 exclusive, subject to missives, which offers a net initial yield of 7.33% after purchasers costs at 5.3%.

Brochures

Air Link Industrial Estate, Inchinnan Road, Paisley, Renfrewshire, PA3

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Paisley St. James Station0.9 miles
  • Paisley Gilmour Street Station0.9 miles
  • Paisley Canal Station1.4 miles

About Brackenridge Hanson Tate Limited, Leeds

6 Lisbon Square, Leeds, LS1 4LY

Brackenridge Hanson Tate is a an independent, multi-disciplined firm of commercial chartered surveyors. Providing professional property services since 1998, we provide a quality, nationwide service from our offices in Leeds. The core of BHT is a small, highly-motivated team led by two of its founding partners, D.W.Brackenridge and Robin Hanson, together with two surveyors, an account manager and a secretary. Our national coverage is enhanced by long-established working relationships with two

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Disclaimer - Property reference Glasgow. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Brackenridge Hanson Tate Limited, Leeds. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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