30 , Nisbet Street, Glasgow, Glasgow City

Location

The subjects are situated on the east side of Nisbet Street, and
extends to the junction with East Wellington Street, immediately
to the north. The property is situated within the Parkhead area
of Glasgow, lying approximately 2.5 miles to the southeast of
Glasgow City Centre.

Glasgow is Scotland’s largest city with a population in excess
of 630,000 and a catchment population in excess of two million.
The city is the commercial and industrial capital of Scotland.
Parkhead Cross and The Forge Shopping Centre/Retail Park
lies immediately to the north west, and provide the main
retailing focus for the densely populated catchment area. The
new Parkhead Health & Care Hub is located directly opposite.

The subjects are conveniently located for access to the M8 at
Junction 13 and also Junction 1 of the M74 Motorway via the
A728. Glasgow’s public transport system is one of the most
efficient in the UK integrating buses, trains and an underground
system. Buses operate closeby at Parkhead Cross with routes
throughout Greater Glasgow.

Description

The subjects comprise a complex of offices and workshop
units and are a mix of 1/2 storey properties constructed around
the early 1990’s and formed around a secure central car
park and yard. There are 26 car spaces serving the complex
secured by a secure gate.
Buildings 1&2

These buildings are interlinked and comprise office
accommodation over part single storey (building 1) and part 2
storey (building 2). The buildings are externally clad in facing
brick. Good natural daylight is provided from double glazed
windows.

Both parts have self contained entrances which are set behind
a security shutter. The accommodation comprises largely
cellular offices, a good sized general open plan office together
with male and female toilets and a kitchen facility. The 1st floor,
accessed from building 2, comprises an open plan office.
There is gas central heating to wall mounted radiators.

Building 3

Building 3 is of similar construction and is connected to
A terrace of 3 workshop units of steel frame construction,
building 2, is also over ground and 1st floors. The premises are
accessed from a timber and glass entrance door set behind
a security shutter.
The ground floor consists of an office with
a rear tea prep and boiler room, with 2 offices, storage and a
shower at 1st floor level. There is a full height 5m high roller
at the front and rear of the eastern side of the building providing access to the northern part of the site.

Building 4

Building 4 is self contained and single storey adjoin building 3,
at the eastmost boundary, also clad externally in facing brick.
The accommodation comprises various offices / training rooms
together with a WC.

Modular Accommodation

This part of the complex can be accessed from East Wellington
Street, and also from via the shutters providing passage
within building 3. This part of the complex contains a modular
portacabin office utilised as a training facility together with a
storage unit.

Workshop Units

A terrace of 3 workshop units of steel frame construction, blockwork walls and clad externally in profile sheeting. The eaves height is 5m lowering 3.5m t the rear. Access is via roller shutter with separate visitor access. The units access is a shared yard.

Floor Areas

Building 1 Office 1,932 sq ft
Building 2 Office 1,534 sq ft
Building 3 Office 549 sq ft
Building 4 Office /Training 1,096 sq ft
Building 5A-C Workshops (3 units) 4,779 sq ft
Building 6 Workshop/Store 1,100 sq ft
Building 7 Modular building/Training 1,946 sq ft
Building 8 Workshop/Store 682 sq ft

Total 13,663 Sq ft

Price / Terms

The Vendor is to take a 5 year lease of all parts, excluding
buildings 1 & 2, at a rent of £48,500 pa. We envisage a further
rent of £29,461 pa can be achieved on letting buildings 1 & 2,
providing a total ERV of £77,961 pa.

Our client is seeking offers in excess of £600,000 exclusive of
VAT.

Tenure
The site is held on a mix of heritable title and a ground leases
(c. 0.40 acre hatched on OS plan) under a 125 ground lease
from City Property until 27 February 2120 at a ground rent of
£8,200 pa.

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

Business Rates
The various parts are assessed separately for rates purposes,
allowing parts to qualify for rates relief under the Small
Business Bonus Scheme. A breakdown can be provided upon
request.

Energy Performance Certificates
Available upon request.

VAT
All prices, rents, premiums etc. are quoted exclusive of VAT.
Interested parties must satisfy themselves as to the instance of
VAT in respect of any transaction.

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.
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.