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Refurbishment Underway. Block 4, Blantyre Industrial Estate, Third Road, Blantyre, Glasgow, G72 0UP

From
£2,083 pcm
£25,000 pa

£4.93 per sq. ft.

Business rates & charges may apply

Rosslyn Property Ltd, East Kilbride
SIZE AVAILABLE
5,068-5,537 sq. ft.
(471-514 sq. m.)
SECTOR
Light industrial facility to lease
USE CLASS
Use class orders: B1 Business, B2 General Industrial and B8 Storage and Distribution
B1, B2, B8

Lease details

Lease type:
Long term

Key features

  • To Let
  • Six terraced industrial units
  • Secured, private yard
  • Office space
  • 3-phase electricity

Property description

Tenure: Leasehold

BLOCK 4, BLANTYRE INDUSTRIAL ESTATE
UNDER REFURBISHMENT - UNITS AVAILABLE LATE 2020 / EARLY 2021

More details on units sizes etc. can also be found on the Property Brochure and Cost Schedule attached at the foot of this listing.

LOCATION

Blantyre Industrial Estate lies adjacent to the A725 (East Kilbride Expressway) trunk road, around 1 mile from the M74 motorway (J5) and approximately 12 miles south east of Glasgow city centre. The M73, M8, M80 and M77 motorways are all within a relatively easy drivetimes as are the towns of East Kilbride, Hamilton, Motherwell, Bellshill and Coatbridge. The main entrance into Blantyre Industrial Estate is via the B7012.

Regular bus services (First Bus nos. 201, 263 & 267 and Whitelaw Coaches no. 254) pass along the B7012 (Main Street) providing transport from Glasgow city centre and south east, Motherwell, Bellshill, Hamilton and East Kilbride. Blantyre and Hamilton West Railway Stations are both within a 30 minutes' walk of Blantyre Industrial Estate or with connecting bus services.

Blantyre Industrial Estate is home to many companies including ECG Facilities Services, Cleartech Group and PMK Civil Engineering.

DESCRIPTION

* Property refurbishment underway.
* Terraced, light industrial units with offices.
* Fenced and gated, private yards.
* Lighting.
* Clear internal height from 12 ft. (3.67 m.).
* 3-phase electricity supply.

Block 4 is located on Third Road and the property is formed in a terrace of single storey workshops, with steel truss framed roofs in profiled metal sheeting, and brick walls. Each unit benefits from office space and a fenced and gated yard to the rear and there is a provision of shared car parking spaces at the front of the terrace.

There are six units available to companies / Directors to purchase for owner occupation.

Unit 1 lies at the end of the terrace and a refurbishment is underway. In addition to the standard ground floor office content, Unit 1 also has two small office/rooms at first floor level. With the absence of first floor space, Units 2, 3, 4, 5 & 6 are slightly smaller than Unit 1. Each workshop area has new lighting and a roller shutter loading door opening onto the private yard. The loading doors have a height and width of approx. 9 ¼ ft. (2.83 m.) and 11 ½ ft. (3.5 m).

AVAILABILITY & COSTS

The properties are available to lease on standard, full repairing and insuring terms for periods to be agreed. The annual rent for Unit 1 is £26,000 per annum and Units 2, 3, 4, 5 & 6 are available for £25,000 per annum. Each unit's contribution to the estate service charge is estimated at £0.35 per sq. ft. per annum. Rent and service charge are usually payable quarterly in advance, but monthly payments may be considered. VAT is applicable.

Our clients are also willing to sell their Heritable (Freehold) interest in each of these properties for a price of £250,000 + VAT per unit. The sales will be subject to a service agreement for the upkeep of the common areas.

Unit 1 has a Rateable Value (RV) of £19,000 and the rate poundage for 2020/21 has been set at £0.49. Therefore, business rates payable to South Lanarkshire Council for the twelve months from 1st April 2020 to 31st March 2021 would be £9,310.

RVs for Units 2, 3, 4, 5 & 6 will need to be re-assessed by the local Assessor but based on similar units in Block 4, we estimate a RV of £17,100. If correct, because of the Small Business Bonus (SBB) scheme, an eligible occupier could claim 25% relief from Business rates. In 2020/21, this could have resulted in a saving of just over £2,000.

Brochures

Refurbishment Underway. Block 4, Blantyre Industrial Estate, Third Road, Blantyre, Glasgow, G72 0UP

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Blantyre Station1.0 miles
  • Hamilton West Station1.3 miles
  • Hamilton Central Station2.0 miles

About Rosslyn Property Ltd, East Kilbride

Suite 11 Jacobean House, 1a Glebe Street, East Kilbride, Glasgow, G74 4LY

Rosslyn Property is a new commercial property consultancy, established by Stephen St. Clair BSc MRICS, as a niche practice dealing with the letting, sale and acquisition of industrial and commercial premises and land across Scotland.

Building on years in the front line of the Scottish industrial market, Rosslyn Property is able to provide expert advice and support to Business Owners, Occupiers, Property Companies, Private and Institutional Investors and Property Developers.

More properties from Rosslyn Property Ltd, East Kilbride

Notes

These notes are private, only you can see them.

Disclaimer - Property reference RP10104-B4L. 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 Rosslyn Property Ltd, East Kilbride. 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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