19/27 Old Coach Road, G74 4DS, 79/85 Kelso Drive, G74 4DB 87 & 93 Carron Place, G75 0YL, 11 Glenfield Road East Kilbride G75 0RA

19/27 Old Coach Road, G74 4DS, 79/85 Kelso Drive, G74 4DB
87 & 93 Carron Place, G75 0YL, 11 Glenfield Road
East Kilbride
G75 0RA

A Substantial Portfolio Comprising 5 Heritable Retail and Industrial Properties

Entirely let to South Lanarkshire Council until 2016 on a single lease
Two fully occupied retail parades in established residential areas
Three Industrial units located in the established Kelvin Industrial Estate
Combined total area 2,375.62 sq m (25,578 sq ft)
Potential for rental increase on reversion
Break up opportunity
Six Week Completion

Lot
33
Auction
5th December 2013
Rent
£127,066 per Annum Exclusive
Status
Sold
Price
£910,000
Sector
Industrial/Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Important Update

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A Substantial Portfolio Comprising 5 Heritable Retail and Industrial Properties

Entirely let to South Lanarkshire Council until 2016 on a single lease
Two fully occupied retail parades in established residential areas
Three Industrial units located in the established Kelvin Industrial Estate
Combined total area 2,375.62 sq m (25,578 sq ft)
Potential for rental increase on reversion
Break up opportunity
Six Week Completion

Lot 33
Auction 5th December 2013
Rent £127,066 per Annum Exclusive
Status Sold
Price £910,000
Sector
Industrial/Warehouse
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 9 miles south-east of Glasgow; 45 miles south-west of Edinburgh
Roads: M74, M8
Rail: East Kilbride Station
Air: Glasgow International Airport (16 miles north-west)

Situation

East Kilbride was Scotland’s first New Town and has a resident population of c. 80,000. The town is situated 9 miles south-east of Glasgow and is highly accessible with direct links to Junction 5 of the M74. The properties are located in four locations within East Kilbride. The retail parades on Old Coach Road and Kelso Drive are located to the north of the town centre in the Calderwood/East Mains area. The industrial units in Carron Place and Glenfield Road are located within the well established Kelvin Industrial Estate to the south of the town.

Tenure

Heritable.

Location

Miles: 9 miles south-east of Glasgow; 45 miles south-west of Edinburgh
Roads: M74, M8
Rail: East Kilbride Station
Air: Glasgow International Airport (16 miles north-west)

Situation

Tenure

Heritable.

Description

19-27 Old Coach Road comprises a parade of five shop units, each arranged on ground floor only.
79-85 Kelso Drive comprises a parade of four shop units, each arranged on ground floor only.
87 Carron Place is an end terrace industrial unit and 93 Carron Place comprises a mid terrace industrial unit, with both units arranged over ground and first floors.
11 Glenfield Road comprises a mid terrace industrial unit arranged over ground and first floors.

VAT

VAT is applicable to this lot.

EPC

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

Description

VAT

VAT is applicable to this lot.

EPC

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

Tenancy & Accommodation

Building	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
19 Old Coach Road 21 Old Coach Road 23 Old Coach Road 25 Old Coach Road 27 Old Coach Road 79 Kelso Drive 81 Kelso Drive 83 Kelso Drive 85 Kelso Drive 87 Carron Place 93 Carron Place 11 Glenfield Road	Retail Retail Retail Retail Retail Retail Retail Retail Retail Industrial Industrial Industrial	51.53 sq m 53.29 sq m 53.29 sq m 83.17 sq m 82.73 sq m 50.86 sq m 50.86 sq m 50.86 sq m 82.03 sq m 610 sq m 610 sq m 597 sq m	(555 sq ft) (573 sq ft) (573 sq ft) (895 sq ft) (890 sq ft) (547 sq ft) (547 sq ft) (547 sq ft) (883 sq ft) (6,566 sq ft) (6,566 sq ft) (6,436 sq ft)	SOUTH LANARKSHIRE COUNCIL (2)	20 years (less 2 days) from 13/02/1996	20 years (less 2 days) from 13/02/1996	11/02/2016
Totals		2,375.62 sq m	(25,578 sq ft)			£127,066 (2)

(1) An additional £1,000 pa is payable so long as 85 Kelso Drive is used for the retail sale of alcohol.
(2)There are subtenancies in place at 10 out of the 12 units. A full subtenancy schedule is available in the legal documentation or directly from the auctioneers.