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Unit 3 A95 5,918 SF Industrial Condo Unit Offered at $744,861 CAD in Grantown On Spey PH26 3TA
INVESTMENT HIGHLIGHTS
- Easy access to A05 & A939
- Well established industrial estate
- Extensive yard and parking
EXECUTIVE SUMMARY
The subjects comprise a modern semi-detached industrial workshop/warehouse unit with office accommodation and staff welfare facilities. The unit is of steel portal frame construction with concrete block walls under a pitched roof overclad with insulated profile metal sheets and incorporating translucent panels. The warehouse has a solid concrete floor. Lighting is provided throughout via halogen spot-lamps. Vehicle access is provided via 2 No. metal roller shutter doors. The office and ancillary accommodation including toilets and a staff kitchen/breakout area are to a modern specification. The front elevation benefits from double-glazed aluminium-clad timber windows. Walls are painted plasterboard and floors are of solid concrete construction finished with a mix of laminate and carpet. The office has a suspended ceiling incorporating lighting. Externally, the site is accessed via a shared entrance and extends to an area of approximately 1.20 acres (0.485 hectares) – the developed site area extends to circa 0.45 acres. The car parking area is surfaced with tarmacadam and provides a minimum of 15 spaces. The yard space is suitable for circulation, loading, and external storage use.
PROPERTY FACTS
| Total Building Size | 13,563 SF | Typical Floor Size | 13,563 SF |
| Property Type | Industrial (Condo) | Year Built | 1989 |
| Building Class | C | Lot Size | 0.34 AC |
| Floors | 1 |
| Total Building Size | 13,563 SF |
| Property Type | Industrial (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 13,563 SF |
| Year Built | 1989 |
| Lot Size | 0.34 AC |
AMENITIES
- 24 Hour Access
- Storage Space
- Demised WC facilities
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating - Electric
1 UNIT AVAILABLE
Unit 3b
| Unit Size | 5,918 SF | Sale Type | Investment |
| Price | $744,861 CAD | Tenure | Freehold |
| Price Per SF | $125.86 CAD | Sale Conditions | Sale Leaseback |
| Condo Use | Industrial |
| Unit Size | 5,918 SF |
| Price | $744,861 CAD |
| Price Per SF | $125.86 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Sale Conditions | Sale Leaseback |
DESCRIPTION
The subjects comprise a modern semi-detached industrial workshop/warehouse unit with office accommodation and staff welfare facilities. The unit is of steel portal frame construction with concrete block walls under a pitched roof overclad with insulated profile metal sheets and incorporating translucent panels.
SALE NOTES
This is a Sale & Leaseback opportunity, offered “For Sale” with the benefit of a new 10-year lease from the settlement date. A fixed price of £400,000, exclusive of VAT is sought in respect of our client’s heritable interest (Scottish Equivalent of English Freehold) in the property subject to the proposed occupational lease. Based on a rental income of £34,500 per annum (£5.83 per sq ft), exclusive of VAT, a purchase price at this level represents a Net Initial Yield of 8.30% after deduction of normal purchaser’s costs. We belief there are strong reversionary prospects.
CONTACTS
-
Neil Calder -
Linda Cameron -
Stuart Main -
Reece Henderson
-
Shepherd Chartered Surveyors
Presented by
Unit 3 A95
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