Building 2 Gateway Business Park Grangemouth Falkirk FK3 8WX

Building 2
Gateway Business Park
Grangemouth
Falkirk
FK3 8WX

Heritable Office Investment and Car Parking

Modern office building with raised floors and suspended ceilings
Includes 39 car parking spaces
Prominent location adjacent to Junction 5 of the M9
Part let to Denholm Port Services Ltd

Lot
36
Auction
24th October 2019
Rent
£26,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of a Major Fund Manager

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Heritable Office Investment and Car Parking

Modern office building with raised floors and suspended ceilings
Includes 39 car parking spaces
Prominent location adjacent to Junction 5 of the M9
Part let to Denholm Port Services Ltd

Lot 36
Auction 24th October 2019
Rent £26,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Office
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On Behalf of a Major Fund Manager

Property Information

Location

Miles: 20 miles from Edinburgh; 28 miles from Glasgow; 12 miles from Stirling
Roads: M9, M876
Rail: Polmont Railway Station; Falkirk High Railway Station
Air: Edinburgh Airport

Situation

Grangemouth provides one of Europe's largest petrochemical centres and is home to one of Scotland's main ports. The town is located between Edinburgh and Glasgow and benefits from direct links to the M9 motorway and its proximity to Falkirk. The property is prominently situated on the north side of the M9 motorway, immediately adjacent to junction 5 accessed via Beancross Road (A905). Occupiers nearby include Drummond Laurie, Yates Accountants, Johnstone Press, Winworks and Klondyke Garden Centre.

Tenure

Heritable. (Scottish equivalent of English Freehold)

Location

Miles: 20 miles from Edinburgh; 28 miles from Glasgow; 12 miles from Stirling
Roads: M9, M876
Rail: Polmont Railway Station; Falkirk High Railway Station
Air: Edinburgh Airport

Situation

Tenure

Heritable. (Scottish equivalent of English Freehold)

Description

The property comprises a modern purpose built two storey office building which benefits from air conditioning, raised floors, suspended ceilings, double glazing, and 39 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Description

The property comprises a modern purpose built two storey office building which benefits from air conditioning, raised floors, suspended ceilings, double glazing, and 39 car parking spaces.

VAT

VAT is applicable to this lot.

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground	Office	399.38 sq m	(4,299 sq ft)	DENHOLM PORT SERVICES LTD (1)	5 years from 11/08/2017 (2)	£26,000	16/11/2022 (2)
First	Office	275.17 sq m	(2,962 sq ft)	VACANT POSSESSION
Total		674.55 sq m	(7,261 sq ft)			£26,000

(1) For the year ending 31st December 2018, Denholm Port Services Ltd reported a turnover of £7,449,592, pre-tax profits of £529,314 and a total net worth of £480,242 (Source: Experian Group 27/09/2019).
(2) Tenant's option to determine 17/11/2020 upon 6 months' notice.