44A Colville Place
Kelvin Industrial Estate
East Kilbride
G75 0PZ

Modern Heritable Warehouse Investment

  • Modern warehouse unit built in 2009
  • Let to Dingbro Limited on a lease expiring November 2027
  • Secure yard
  • Well established warehouse/industrial estate
  • 2017 Rent Review increase from £49,000 pa
  • Lot
    5
  • Auction
    24/Oct/2019
  • Rent
    £58,800 per Annum Exclusive
  • Status
    Available
  • Price*
    £640,000
  • Sector
    Industrial/Warehouse
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 44A Colville Place<br>Kelvin Industrial Estate<br>East Kilbride<br>G75 0PZ
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* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles south-east of Glasgow
45 miles south-west of Edinburgh
Roads
M74, M8, A726
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 approximately 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 property is located on the well established Kelvin Industrial Estate. The estate is accessed via the A726 (Strathaven Road), which connects the town centre to the north with the M74, 12 miles to the south via Strathaven and the M71. The M71 connects Edinburgh to Irvine. The property is located on Colvilles Place, accessed via Stroud Road. Occupiers on the Kelvin Estate include Screwfix, CEF, Howdens and Toolstation. Neighbouring occupiers on Colvilles Place include Euro Car Parts and D&G Autocare.

Tenure

Heritable. (Scottish equivalent of English Freehold)

Description

The property, built in 2009, comprises a ground floor warehouse with two roller shutter doors and a secure yard. The property provides an office, a sorting area and a large reception/collection area. Areas of land not demised to the tenant are included in the sale, see legal pack.

VAT

VAT is applicable to this lot.

Viewings

See Legal at www.acuitus.co.uk.

EPC

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
GroundWarehouse
910 sq m
(9,798 sq ft)
DINGBRO
LIMITED (1)
15 years from
02/11/2012 until
01/11/2027 on a full
repairing and
insuring lease
£58,800 pa (2)2022
Total
910 sq m
(9,798 sq ft)
  £58,800 pa (2) 

(1) For the year ended 30th September 2018, Dingbro Limited reported a turnover of £153,113,431, pre-tax profits of £9,910,969 and a net worth of £41,100,036 (Source: Experian 30.09.2019). Dingbro Ltd started in 1973 and is now the largest independent motor factoring group in Scotland, with over 1,300 staff and a storage area exceeding 300,000 sq ft in 26 sites throughout Scotland
(Source - www.dingbro.com).
(2) Rent increased at 2017 review from £49,000 per annum

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.10.19
    File Size
    42 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    1 MB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Mhairi JarvisMhairi Jarvis +44 (0)7718 899 341mhairi.jarvis@acuitus.co.uk
Seller's Solicitors
DLA Piper Scotland LLP Collins House, Rutland Square
Edinburgh
EH1 2AA
Guy Irving +44 (0)131 242 5585guy.irving@dlapiper.com

Useful Links

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