Stob Ban House, Glen Nevis Business Park Fort WIlliam Highland PH33 6RX

Stob Ban House, Glen Nevis Business Park
Fort WIlliam
Highland
PH33 6RX

Heritable Office Investment

Let to Marine Harvest (Scotland) Limited
Annual fixed increases
Established business park location with direct access to the A82 trunk road
Nearby occupiers include Lochaber Mountain Rescue and Northern Engineering & Welding Company Ltd
Rent rising anually to £93,800 p.a. by 2017
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
12
Auction
22nd October 2015
Rent
£78,800 per Annum Exclusive
Status
Sold
Price
£540,000
Sector
Office
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Highlands & Islands Enterprise

Important Update

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* More information on the term "price" can be found here

Heritable Office Investment

Let to Marine Harvest (Scotland) Limited
Annual fixed increases
Established business park location with direct access to the A82 trunk road
Nearby occupiers include Lochaber Mountain Rescue and Northern Engineering & Welding Company Ltd
Rent rising anually to £93,800 p.a. by 2017
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 12
Auction 22nd October 2015
Rent £78,800 per Annum Exclusive
Status Sold
Price £540,000
Sector
Office
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Highlands & Islands Enterprise

Property Information

Location

Miles: 64 miles south-west of Inverness
Roads: A82, A830
Rail: Fort William (3 hours 45 mins to Glasgow Queen Street)
Air: Inverness Airport (75 miles north)

Situation

Fort William is the largest town in the west highlands of Scotland and the commercial centre of the Lochaber area. Glen Nevis Business Park is adjacent to the northerly approach into Fort William with excellent road links to Inverness and the north, together with Oban, Glasgow and the south. The property is situated in Glen Nevis Business Park, directly accessed from the A82 trunk road. Glen Nevis Business Park was developed by Highland and Island Enterprise as an office location and is now fully let with occupiers including Highland Industrial Supplies, Lochaber Glass and Glazing, and Corrie Construction.

Tenure

Heritable.

Location

Miles: 64 miles south-west of Inverness
Roads: A82, A830
Rail: Fort William (3 hours 45 mins to Glasgow Queen Street)
Air: Inverness Airport (75 miles north)

Situation

Tenure

Heritable.

Description

The property comprises a purpose built office building on ground floor. The accommodation benefits from raised access floors, perimeter heating and double glazing, and approximately 75 car parking spaces.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

Viewings

Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Mhairi Jarvis. Telephone: +44 (0)131 552 5191.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground	Office	1,024.7 sq m	11,030 sq ft)	MARINE HARVEST (SCOTLAND) LIMITED (1)	5 years from 23/12/2014 on full repairing and insuring terms (2)	£78,800	Annual fixed rental increases (3)
Totals		832.63 sq m	(8,962 sq ft)			£78,800 rising annually to £93,800 p.a. by 2017 (3)

(1) Established over 50 years ago, Marine Harvest is now the world’s largest supplier of farmed Atlantic Salmon - satisfying one fifth of global demand. The company employ over 11,700 people in over 24 countries. (Source: www.marineharvest.com 20/09/2015). For the year to 31st December 2013 Marine Harvest (Scotland) Limited reported a turnover of £216,492,000, pre tax profit of £62,263,000 and a net worth of £103,077,000 (Source: Experian Group 21/07/2015)
(2)The lease provides a tenant break option on the third anniversary of the date of entry subject to a £10,000 (exclusive of VAT) penalty payable by the Tenant to the Landlord.
(3)The current rent under the terms of the lease is £73,800 p.a.x. The lease provides fixed annual rental increases to £78,800 in December 2015, £83,800 p.a. in December 2016 and £93,800 in December 2017. The seller has agreed to adjust the completion monies so that the unit will effectively produce £78,800 p.a.x. from completion of the sale.