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Thornbridge

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Laurieston Road
FK3 8XX Grangemouth
Ref: 12667

  • 88,017.00 ft² (8,177.04 m²)
  • 4,900,000
  • 7.50 Initial Yield

Description

Description

• Modern Single Let Industrial Investment Opportunity

Investment Summary

  • Modern single let industrial investment opportunity
  • Located in Grangemouth approximately 24 miles west of Edinburgh and 27 miles east of Glasgow
  • Four separate buildings extending to approximately 88,018 sqft (8,179.02 sqm)
  • Some units are sub-divided so potential to convert into a multi-let estate in the future
  • 10-year lease to Thornbridge Sawmills Ltd with two options for the tenant to extend for a further 5 years
  • 5 yearly rent reviews geared to RPI subject to a minimum uplift of 1% and a maximum uplift of 3% per annum compounded
  • Thornbridge Sawmills are an established business having been founded in 1992
  • The initial rent will be £388,261 per annum (£4.41 psf)
  • Heritable Interest (Scottish equivalent of English Freehold)
  • The site area extends to 7.07 acres (2.86 hectares) providing a low site coverage of 29%

Offers are sought in excess of £4,900,000 (Four Million, Nine Hundred Thousand Pounds),

Location

Location

Located in Grangemouth, approximately 24 miles west of Edinburgh and 27 miles east of Glasgow

Energy Rating

Energy Rating

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Contact

Contact
Charlie Mcnaught
  Details

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken.

For properties in Scotland:

  1. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

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