Multi Let Office Investment with Asset Management Opportunities
Modern office park developed in 2001
Occupiers include Helia and Wester Inch Management Ltd
Located adjacent to Alba Campus and close to Livingston town centre
Approximately 2,213.70 sq m (23,829 sq ft)
On-site car parking
Ten Week Completion subject to heritable title holder consent
Lot 47
Auction 12th February 2015
Rent £84,400 per Annum Exclusive
Status Sold
Price £251,000
Sector Office
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles west of Edinburgh
30 miles east of Glasgow
Roads
A71, M8 (Junction 3A)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Livingston is the administrative centre for West Lothian and the town has attracted occupiers such as Glenmorangie, Quintiles and Sky. Rosebank Park is located to the west of the town centre and close to Charlesfield Road linking
with the retail hub in Livingston.
Tenure
Long Leasehold. Held from West Lothian Council for a term expiring 6th May 2151 at a rent geared to 17.62% of the rents received under the subleases.
Location
Miles
15 miles west of Edinburgh
30 miles east of Glasgow
Roads
A71, M8 (Junction 3A)
Rail
Livingston North and Livingston South Rail (21 mins to Edinburgh)
Air
Edinburgh International Airport (10 miles east)
Situation
Livingston is Scotland’s fourth New Town and has a resident population of c. 53,000 people and a catchment of 1.8 million people within a 45 minute drive. Livingston is the administrative centre for West Lothian and the town has attracted occupiers such as Glenmorangie, Quintiles and Sky. Rosebank Park is located to the west of the town centre and close to Charlesfield Road linking
with the retail hub in Livingston.
Tenure
Long Leasehold. Held from West Lothian Council for a term expiring 6th May 2151 at a rent geared to 17.62% of the rents received under the subleases.
Description
Rosebank Park comprises four blocks of buildings which have been adapted to form 5 units of steel portal frame construction and barrel vaulted roofs. There is on-site car parking and the units benefit from suspended ceilings and recessed cat 2 lighting.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705 or the Joint Auctioneer Angus Thomson. Telephone: +44 (0)131 226 6287.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
Rosebank Park comprises four blocks of buildings which have been adapted to form 5 units of steel portal frame construction and barrel vaulted roofs. There is on-site car parking and the units benefit from suspended ceilings and recessed cat 2 lighting.
VAT
VAT is applicable to this lot.
Viewings
There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site.
Please contact Mhairi Jarvis. Telephone: +44 (0)131 554 1705 or the Joint Auctioneer Angus Thomson. Telephone: +44 (0)131 226 6287.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
1
Office
686.80 sq m
(7,393 sq ft)
VACANT POSSESSION
2
Office
757.10 sq m
(8,150 sq ft)
HELIA PHOTONICS LIMITED (1)
10 years from 28/01/2014
£48,900
27/01/2019 (27/01/2024)
3a
Office
190.90 sq m
(2,055 sq ft)
VACANT POSSESSION
3b
Office
190.90 sq m
(2,055 sq ft)
VACANT POSSESSION
4
Office
388.00 sq m
(4,176 sq ft)
WESTER INCH MANAGEMENT LIMITED (2) t/a Specialised Security
10 years from 22/09/2011 (3)
£35,500 (4)
22/09/2016 (22/09/2021)
Totals
2,213.70 sq m
(23,829 sq ft)
£84,400
(1) Helia Photonics Ltd is a privately owned company specialising in demanding optical coating for micro-optics and light emitting semiconductor devices. With 10 years of trading and over a hundred established customers, Helia Photonics Ltd aims to become the premier player in its field. (Source: www.helia-photonics.com 16/01/2015.) (2) Wester Inch Management Ltd specialise in cleaning, maintenance and security services. (Source: www.westerinchmanagement.co.uk 16/01/2015.) (3)The lease provides a tenant option to determine at the fifth anniversary of the term. (4)The lease provides a fixed rental increase to £37,500 pax on 22/09/2015.
