Multi-let office located in a well established business park
Adjacent to a retail park with occupiers including Homebase, Carpetright and Poundstretcher
Excellent links to the A92 and central Scotland motorway network
Modern pavilion office building built in 1990s
Well occupied with asset management opportunities
Lot 34
Auction 12th February 2020
Rent £69,354 per Annum Exclusive
Status Sold Post
Price
Sector Office
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
On behalf of Mapeley
Property Information
Location
Miles
30 miles north of Edinburgh
22 miles south of Dundee
Roads
A92, M90
Rail
Glenrothes with Thornton
Air
Edinburgh Airport
Situation
Glenrothes is a major service centre and is the administrative capital of Fife, containing the headquarters of both Fife Council and Police Scotland Fife Division. It is a centre for excellence within the high-tech electronics and manufacturing sectors. Public services and service industries are also important to the town's economy. Saltire House is situated within the Pentland Park, a well established office and industrial park approximately half a mile to the south-west of Glenrothes town centre.
Tenure
Heritable. (Scottish Equivalent of Engilsh Freehold)
Location
Miles
30 miles north of Edinburgh
22 miles south of Dundee
Roads
A92, M90
Rail
Glenrothes with Thornton
Air
Edinburgh Airport
Situation
Glenrothes is a major service centre and is the administrative capital of Fife, containing the headquarters of both Fife Council and Police Scotland Fife Division. It is a centre for excellence within the high-tech electronics and manufacturing sectors. Public services and service industries are also important to the town's economy. Saltire House is situated within the Pentland Park, a well established office and industrial park approximately half a mile to the south-west of Glenrothes town centre.
Tenure
Heritable. (Scottish Equivalent of Engilsh Freehold)
Description
Saltire House comprises a two storey office building arranged in two wings, providing six office suites. The suites benefit from raised floors in part, full central heating and suspended ceilings. The building benefits from extensive car parking to both the east and west of the property. The property has an approximate site area of 1.17 hectares (2.9 acres).
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899341)
EPC
See legal pack at acuitus.co.uk
Description
Saltire House comprises a two storey office building arranged in two wings, providing six office suites. The suites benefit from raised floors in part, full central heating and suspended ceilings. The building benefits from extensive car parking to both the east and west of the property. The property has an approximate site area of 1.17 hectares (2.9 acres).
VAT
VAT is applicable to this lot.
Viewings
Please contact Mhairi Archibald (07718 899341)
EPC
See legal pack at acuitus.co.uk
Tenancy & Accommodation
Unit
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground Floor Right Suite 1
Office
535.68 sq m
(5,766 sq ft)
SCOTTISH ENTERPRISE (1)
10 years from 01/08/2013 to 31/07/2023
£23,064
Ground Floor Right Suite 2
Office
219.34 sq m
(2,361 sq ft)
THE SKILLS DEVELOPMENT SCOTLAND CO LIMITED (2)
10 years from 01/08/2013 to 31/07/2023 (3)
£11,805
Ground Floor Left
Office
698.99 sq m
(7,524 sq ft)
VACANT
1st Floor Right Suite 1
Office
232.26 sq m
(2,500 sq ft)
BUSINESS GATEWAY FIFE (4)
10 years from 12/08/2013 until 11/08/2023
£13,885
1st Floor Right Suite 2
Office
382.76 sq m
(4,120 sq ft)
FIFE WOMEN’S AID (5)
10 years from 29/10/2014 until 28/10/2024 (6)
£20,600
1st Floor Left
Office
702.99 sq m
(7,567 sq ft)
VACANT
Total
2,772.02 sq m
(29,838 sq ft)
£69,354
(1) Scottish Enterprise is a sponsored non-departmental public body of the Scottish Government that encourages economic development, enterprise, innovation and investment in business. The public body is headquartered in Glasgow and has a network of offices throughout Scotland (Source: www.scottish-enterprise.com 08/01/2020). (2) Skills Development Scotland is the national skills body delivering careers advice and support in schools and high education. The service operates from a high number of high street centres, community venues, secondary school and specialist education establishments throughout Scotland (Source: www.skillsdevelopmentscotland.co.uk 08/01/2020). (3) The lease to Skills Development Scotland provides a mutual option to determine on 01/08/2021. If the tenant exercises the option, a penalty of £10,654.50 is payable. (4) Business Gateway Fife is a public body providing a wide range of support and advice to individuals looking to set up in business in Fife, and newly formed and existing businesses looking to grow and develop (Source: hwww.businessgatewayfife.com 08/01/2020). (5) Fife Women's Aid is a charitable organisation based in the voluntary sector that supports women, children and young people who have experience of domestic abuse (Source: www.fifewomensaid.org.uk 08/01/2020). (6) The tenant did NOT exercise their October 2019 break option.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
