Let to Component Coating & Repair Services Ltd t/a Curtiss-Wright
Benefits from roller shutter doors, car parking and use of a secure yard
Approximately 16,574 sq ft
Situated on an established industrial estate
Lot 52
Auction 13th July 2017
Rent £65,000 per Annum Exclusive
Status Sold
Price £400,000
Sector Industrial, Warehouse
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles south-west of Glasgow City Centre
Roads
A727, M77 (Junction 3)
Rail
Thornliebank Railway Station
Air
Glasgow International Airport
Situation
Thornliebank Industrial Estate is a popular and established industrial location six miles from Glasgow City Centre and is strategically located at junction 3 of the M77, which provides access to Glasgow to the north and Kilmarnock to the south. The property is prominently situated within the heart of the estate on the north side of Spiersbridge Terrace.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
6 miles south-west of Glasgow City Centre
Roads
A727, M77 (Junction 3)
Rail
Thornliebank Railway Station
Air
Glasgow International Airport
Situation
Thornliebank Industrial Estate is a popular and established industrial location six miles from Glasgow City Centre and is strategically located at junction 3 of the M77, which provides access to Glasgow to the north and Kilmarnock to the south. The property is prominently situated within the heart of the estate on the north side of Spiersbridge Terrace.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a self-contained industrial unit which forms part of a larger terrace and provides ground floor warehouse and office accommodation. The property benefits from an eaves height of 3 metres, roller shutter doors, car parking and use of a secure palisade fenced yard.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a self-contained industrial unit which forms part of a larger terrace and provides ground floor warehouse and office accommodation. The property benefits from an eaves height of 3 metres, roller shutter doors, car parking and use of a secure palisade fenced yard.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
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
Reversion
Ground
Warehouse/ Office
1,539.70 sq m
(16,574 sq ft)
COMPONENT COATING AND REPAIR SERVICES LIMITED (1) t/a Curtiss-Wright
5 years from 03/02/2015 (2)
£65,000
02/02/2020
Total
1,539.70 sq m
(16,574 sq ft)
£65,000
(1) For the year ending 31st December 2015, Component Coating and Repair Services Limited reported a turnover of £7,114,211, pre-tax profits of £1,591,089 and a total net worth of £5,178,056 (Source: Experian Group 13/06/2016). (2) The lease provides for a tenant option to determine on 2nd February 2018. If the option to determine is not exercised the tenant will benefit from a rent free period from 3rd February 2018 until 2nd May 2018.
