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Eliburn Industrial Estate

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EH54 6GQ Livingston
Ref: 12675

  • 18,300.00 ft² (1,700.12 m²)
  • 1,200,000
  • 9.34 Initial Yield

Description

Description

• Modern Multi-Let Industrial Investment Opportunity

Investment Summary

  • Strategically located modern multi-let industrial investment opportunity in Livingston;
  • Livingston is situated in the heart of the Central Belt on the M8 motorway and benefits from excellent connectivity;
  • The estate extends to 18,300 sq ft of modern industrial accommodation constructed in 2015, with unit sizes ranging from 1,145 sq ft to 4,576 sq ft;
  • Fully let to 9 tenants with a passing rent of £118,284.65 per annum which equates to an average rent of £6.46 per sq ft;
  • Current WAULT of 7.18 years to expiry and 5.62 years to break;
  • Additional two sites available by separate negotiation, Site A extends to 1.36 acres (0.55 Ha) and Site B extends to 0.67 acres (0.27 Ha);
  • Heritable tenure (Scottish equivalent of English Freehold);

Offers in excess of £1,200,000 (One Million Two Hundred Thousand Pounds Sterling) are sought for our client’s heritable interest in the property, subject to contract and exclusive of VAT. A purchase at this level would provide a net initial yield of 9.34% assuming purchaser’s costs at 5.49%.

Location

Location

Livingston is located approximately 16 miles west of Edinburgh and 34 miles east of Glasgow. It is the administrative centre for West Lothian. The town has a population in the order of 62,000 people and a wider catchment of c 1.9 million within 45 minutes' drive time.

Eliburn Park itself is located at Appleton Parkway close to J3 and 3A of the M8 motorway and to the north west of Livingston town centre. The estate is situated to the north west side of Livingston within estbalished commercial location, surrounding estates include Starlaw Business Park, Royston Road and Deans industrial estate.

Energy Rating

Energy Rating

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Contact

Contact
Hannah Done
Ben Dobson
Janey Douglas
  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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