Reith Lambert

Building 2, Gateway Business Park, Grangemouth, FK3 8WX

Building 2, Gateway Business Park, Grangemouth, FK3 8WX

Sold
Sold
Offers Over £350,000

Building 2, Gateway Business Park, Grangemouth, FK3 8WX

• Part let part vacant office pavilion Investment
• Strong location adjacent to Junction 5 of the M9 close to Grangemouth
• Ground Floor (4,299 sq ft) Let to Denholm Port Services Ltd until 16/11/2022 (with a tenant break option on 17/11/2020) at £26,000 pa reflecting £6.05 psf
• Vacant first floor extending to 2,962 sq ft
• 39 Car Park Spaces with building
• Estimated rental value of £50,827 p.a. reflecting £7.00 psf
• Heritable Interest (Scottish equivalent of English Freehold)
• Offers over £350,000, reflecting a Low Capital Rate of £48.20 psf and a Reversionary Yield of 14.03% assuming an ERV of £7.00 psf

Details

Property Type : Investment
Status : Sold
Area : 7261 sq ft
Address : Building 2, Gateway Business Park, Grangemouth, FK3 8WX

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Key Contacts

Drew Lambert

Drew Lambert

Partner - Capital Markets

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