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 24th October 2019
Rent £58,800 per Annum Exclusive
Status Sold
Price £820,000
Sector Industrial/Warehouse
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
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)
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.
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Warehouse
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
