Modern Heritable (Scottish Equivalent of English Freehold) Industrial Investment
Entirely let until 2020 (subject to option)
Located in the established Thurso Business Park with nearby occupiers including BT and Scottish Environmental Protection Agency
Approximate site area of 2.32 hectares (5.74 acres)
On-site car parking
Six week completion available
Lot 46
Auction 9th December 2010
Rent £180,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
1.6 miles west of Thurso town centre, 22 miles north west of Wick
Roads
A9, A836
Rail
Thurso Railway Station
Air
Inverness and Wick Airport
Situation
The property is prominently situated in the established Thurso Business Park, Thurso's principal business location, which lies on the north-western boundary of Thurso, some 1.6 miles west of the town centre. Thurso Railway Station lies some 1.8 miles south-east of the property providing direct access to Inverness. Nearby occupiers include BT and Scottish Environmental Protection Agency.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Location
1.6 miles west of Thurso town centre, 22 miles north west of Wick
Roads
A9, A836
Rail
Thurso Railway Station
Air
Inverness and Wick Airport
Situation
The property is prominently situated in the established Thurso Business Park, Thurso's principal business location, which lies on the north-western boundary of Thurso, some 1.6 miles west of the town centre. Thurso Railway Station lies some 1.8 miles south-east of the property providing direct access to Inverness. Nearby occupiers include BT and Scottish Environmental Protection Agency.
Tenure
Heritable. (Scottish Equivalent of English Freehold)
Description
The property comprises a modern and substantial purpose built GROUND FLOOR FACTORY AND PRODUCTION AREA with OFFICE AND STORAGE ACCOMMODATION on the first floor. The property also benefits from extensive ON-SITE PARKING and a large site area of approximately 2.32 hectares (5.74 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern and substantial purpose built GROUND FLOOR FACTORY AND PRODUCTION AREA with OFFICE AND STORAGE ACCOMMODATION on the first floor. The property also benefits from extensive ON-SITE PARKING and a large site area of approximately 2.32 hectares (5.74 acres).
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
20 years from 23/03/2000 until 22/03/2020 on full repairing and insuring terms (3)
£180,000
23/03/2015 and 5 yearly thereafter
Totals
4,384.46 sq m
(47,177 sq ft)
£180,000
(1) AGM Batteries Ltd is the only mass production Lithium-ion cell manufacturer in the UK. They remain at the forefront of battery technology and continue to expand and develop their range of Lithium-ion products. (Source: www.agmbatteries.com 04/11/2010)(2) Please note that part of the property is subleased to ABSL Power Solutions Limited.(3) Please note that there is an option to purchase in favour of the tenant at any time during the lease, on serving notice on the Landlord specifying the date on which they wish to exercise the option, such date to be 28th February, 28th May, 28th August or 28th November and be within six months from the date of notice. Please refer to the legal pack for more details.
