28 Firth Road Houstoun Industrial Estate Livingston EH54 5DJ

28 Firth Road
Houstoun Industrial Estate
Livingston
EH54 5DJ

Heritable Well Let Industrial Investment

  • Established industrial/warehouse area adjacent to the M8 motorway
  • Well let to Canon, Hertz, Langstane Press and Lareine Engineering
  • Nearby occupiers include Kuehne & Nagel, Cable and Wireless and Screwfix
  • Site extends to 1.65 hectares (4.08 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    24
  • Auction
    19th May 2016
  • Rent
    £304,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Photos
  • Map

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

Heritable Well Let Industrial Investment

  • Established industrial/warehouse area adjacent to the M8 motorway
  • Well let to Canon, Hertz, Langstane Press and Lareine Engineering
  • Nearby occupiers include Kuehne & Nagel, Cable and Wireless and Screwfix
  • Site extends to 1.65 hectares (4.08 acres)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 24
  • Auction 19th May 2016
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles west of Edinburgh, 34 miles east of Glasgow
Roads
A899, A71, M8 (Junctions 3 & 3A)
Rail
Livingston North and Livingston South Railway Stations (21 mins direct to Edinburgh)
Air
Edinburgh International Airport (8 miles)
Situation

Livingston is located 16 miles west of Edinburgh and 34 miles east of Glasgow on the M8 motorway. Houstoun Industrial Estate is Livingston's largest industrial estate located to the north-east of the town centre. The property occupies a good position on the west side of the estate, with prominent frontage to Livingston Road (A899) and easy access to Junction 3 of the M8. Nearby occupiers include Kuehne & Nagel, Cable and Wireless and Screwfix.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location
Miles
16 miles west of Edinburgh, 34 miles east of Glasgow
Roads
A899, A71, M8 (Junctions 3 & 3A)
Rail
Livingston North and Livingston South Railway Stations (21 mins direct to Edinburgh)
Air
Edinburgh International Airport (8 miles)
Situation

Livingston is located 16 miles west of Edinburgh and 34 miles east of Glasgow on the M8 motorway. Houstoun Industrial Estate is Livingston's largest industrial estate located to the north-east of the town centre. The property occupies a good position on the west side of the estate, with prominent frontage to Livingston Road (A899) and easy access to Junction 3 of the M8. Nearby occupiers include Kuehne & Nagel, Cable and Wireless and Screwfix.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises four terraced single bay industrial units of steel frame construction. There is secure vehicle parking to the front via a secure gated entrance. Units 2,3 and 4 benefit from secure rear yard areas.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

All interested parties must register their interest with the Auctioneers 48 hours prior to wishing to view the property and provide identification on site. Please contact Mhairi Jarvis. mhairi.jarvis@acuitus.co.uk

EPC

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

Description

The property comprises four terraced single bay industrial units of steel frame construction. There is secure vehicle parking to the front via a secure gated entrance. Units 2,3 and 4 benefit from secure rear yard areas.

Six Week Completion

VAT

VAT is applicable to this lot.

Viewings

All interested parties must register their interest with the Auctioneers 48 hours prior to wishing to view the property and provide identification on site. Please contact Mhairi Jarvis. mhairi.jarvis@acuitus.co.uk

EPC

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

Tenancy & Accommodation

Unit No. Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/
(Reversion)
Unit 1 Industrial/Office
2,272.01 sq m
(24,456 sq ft)
LAREINE ENGINEERING
LIMITED (1)
10 year lease from 28/03/2016
until 27/03/2026 (2) (3)
£100,000 (4) 28/03/2021
Unit 2 Industrial/Office
1,542.17 sq m
(16,601 sq ft)
CANON (UK) LIMITED (5) 10 years from 01/09/2011 until
31/08/2021
£66,000 01/09/2016
Unit 3 Industrial/Office
1,542.92 sq m
(16,608 sq ft)
HERTZ (UK) LIMITED (6) 20 years from 21/06/2005 until
20/06/2025 (7) (2)
£72,000 21/06/2020
Unit 4 Industrial/Office
1,548.31 sq m
(16,666 sq ft)
LANGSTANE PRESS
LIMITED (8)
5 year lease from 01/10/2013 £66,000 (30/09/2018)
Total  
6,905.52 sq m
(74,331 sq ft)
    £304,000

(1) For the year ending 31st December 2014, Lareine Engineering Limited reported a total net worth of £1,030,350. (Source: Experian Group 21/04/2016).
(2) The lease is subject to a schedule of condition.
(3) As to Unit 1, there is a tenant break option (personal to Lareine Engineering Ltd) on 28th March 2021, subject to 9 months’ notice.
(4) For the purpose of clarification, the current rental income is £60,000 p.a.x., increasing to £80,000 p.a.x. from 28th March 2017 and to £100,000 p.a.x from 28th March 2020. The seller has agreed to adjust the completion monies so that the unit effectively produces £100,000 p.a.x. from completion of the sale.
(5) Canon (UK) Ltd is the UK marketing and sales operation for the global company Canon Inc. In the UK and Ireland Canon currently employs around 2,050 people
throughout the UK. (Source: www.canon.co.uk 22/04/2016)
(6) For the year ending 31st December 2014, Hertz (UK) Limited reported a turnover of £169,651,000, pre-tax profits of £65,736,000 and a total net worth of
£12,711,000 (Source: Experian Group 21/04/2016).
(7) As to Unit 3, there is a mutual break option on 21st June 2020, subject to 12 months’ notice
(8) For the year ending 30th April 2015, Langstane Press Limited reported a turnover of £22,543,000, pre-tax profits of £496,000 and a total net worth of £5,963,000 (Source: Experian Group 21/04/2016).

Property Documents

  • Catalogue Page
    Updated Date
    27.04.16
    File Size
    938 KB
    View PDF
  • Site Plan
    Updated Date
    27.04.16
    File Size
    83 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
CMS Cameron McKenna LLP 191 West George Street
Glasgow
G2 2LD
Megan Rea 0141 304 6068 megan.rea@cms-cmck.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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