Entirely let to Scottish Enterprise on a 25 Year Lease until 2019
Prominent corner position
Approximate site area of 0.170 hectares (0.42 acres)
Nearby occupiers include Grahams, Royal Mail and Holiday Inn Express
On-site car park for approximately 24 cars
Rent: £86,500 (gross), £85,000 (net)
Six Week Completion Period Available
Lot 16
Auction 18th October 2012
Rent £86,500 per Annum Exclusive
Status Sold
Price £460,000
Sector Office
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of a Mortgagee in Possession
Property Information
Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Rail Stations (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation
The property is situated in a prominent corner location on the southern side of Arthur Street, at its junction with Cartsburn Street, within the Cartsburn Maritime Development. Nearby occupiers include Grahams, Royal Mail and Holiday Inn Express.
Tenure
Long Leasehold. Held by Ventures Limited for a term of 175 years from 4th January 2002 until 3rd January 2177 at a rent of £1,500 p.a.x. There is an option to purchase the heritable interest on 1st June 2024. If not exercised the rent payable will decrease to £20 p.a.x.
Location
Miles
2 miles west of Port Glasgow, 22 miles west of Glasgow
Roads
A8, A78
Rail
Greenock Central, Cartsdyke and Whinhill Rail Stations (31 minutes to Glasgow Central)
Air
Glasgow International Airport
Situation
The property is situated in a prominent corner location on the southern side of Arthur Street, at its junction with Cartsburn Street, within the Cartsburn Maritime Development. Nearby occupiers include Grahams, Royal Mail and Holiday Inn Express.
Tenure
Long Leasehold. Held by Ventures Limited for a term of 175 years from 4th January 2002 until 3rd January 2177 at a rent of £1,500 p.a.x. There is an option to purchase the heritable interest on 1st June 2024. If not exercised the rent payable will decrease to £20 p.a.x.
Description
The property comprises office accommodation over ground, first and second floors. The property benefits from an approximate site area of 0.170 hectares (0.42 acres) and an on-site car park for approximately 24 cars.
Note
This property is being marketed for sale on behalf of a Mortgagee in Possession excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Mortgagee in Possession to the best of their knowledge butthe purchaser must rely solely upon their own enquiries. The Mortgagee in Possession is not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises office accommodation over ground, first and second floors. The property benefits from an approximate site area of 0.170 hectares (0.42 acres) and an on-site car park for approximately 24 cars.
Note
This property is being marketed for sale on behalf of a Mortgagee in Possession excluding any title guarantees, warranties or indemnities. The information in these particulars has been provided by the Mortgagee in Possession to the best of their knowledge butthe purchaser must rely solely upon their own enquiries. The Mortgagee in Possession is not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
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 First Second
Office Office Office
213.79 sq m 223.24 sq m 223.89 sq m
(2,312 sq ft) (2,403 sq ft) (2,410 sq ft)
SCOTTISHENTERPRISE(1) (2)
25 years from 28/02/1994 until 27/02/2019 on a full repairing and insuring lease
£86,500
28/02/2014
Totals
661.92 sq m
(7,125 sq ft)
£86,500
(1) Scottish Enterprise was established under the Enterprise and New Towns (Scotland) Act 1990 for the purposes of furthering the development of Scotland’s economy. Scottish Enterprise’s overall objective is to make a significant contribution to achieving the Scottish Government’s purpose of increasing Scotland’s rate of sustainable economic growth. (Source: www.scottish-enterprise.com 13/09/2012) (2)Scottish Enterprise has sub let the property. The ground floor is occupied by HEROtsc and Pearson Professional Centre and the first and second floors are occupied by the Crown Office & Procurator Fiscal Office.
Contacts
Seller's Solicitors
DWF Biggart Baillie Dalmore House, 310 St Vincent Street Glasgow G2 5QR
