Office Investment For Sale
GVA James Barr
A Bilfinger Real Estate company
Office Investment For Sale 54 Deerdykes View Westfield Park Cumbernauld G68 9HN LOT 1
August 2014 Income producing office pavilion for sale
Asset management / re-gearing potential
Located in an established business park Well connected to the motorway network Offers over £120,000 invited Attractive net initial yield of 24.37% Available as single lot or combined with no.56 (LOT 2)
gva.co.uk
Location The property is situated within the established Westfield Park business park and industrial estate. Westfield Park is located to the south-west of Cumbernauld town centre, close to the recently upgraded M80, which connects to the M8, M73 and M74 providing quick and easy access to Stirling, Glasgow and the South. Cumbernauld has a mainline train station with regularly connections to Glasgow. Nearby Croy Station is a main stop on the Glasgow to Edinburgh line. Deerdykes View is located in the heart of the landscaped Westfield Park and comprises a row of modern office buildings with light industrial units opposite.
Rateable Value
Description
The current rateable value is £29,000
The property comprises a semi-detached two storey office unit constructed in the 1980s. The building is of steel frame construction with PVC coated profile sheeting and metal single glazed windows. The offices have carpeted concrete floors and suspended ceilings with integral CAT 2 lighting.
Floor Areas
The ground and first floors are a mixture of open plan and cellular offices, including an entrance vestibule, male, female and disabled toilets and a tea prep facility.
Ground: First: Total:
In accordance with the RICS Code of Measuring Practice (6th Edition), we calculate the net internal area as follows: 1,631 sq ft 1,739 sq ft 3,370 sq ft
The unit benefits from mains water, sewerage and gas.
Tenancy Workload Financial Business Systems Ltd has been in occupation of the ground and first floors since 1 st April 2007 when they took a 5 year lease expiring on 31st March 2012. They have been renewing on tacit relocation since. The lease is on full repairing and insuring terms at a rent of £30,938 (£9.18 per sq ft) per annum. Workload Financial has their registered office at 54 Deerdkyes View, Cumbernauld. They have a Dun & Bradstreet rating of 1A and a minimal risk of business failure.
Price Our client is seeking offers over £120,000 for the benefit of their heritable interest with the benefit of the existing income. A purchase at this level would provide an attractive net initial yield of 24.37% after deduction of normal purchaser’s costs of 5.8%
EPC The Energy Performance Certificate rating for the building is E.
For further information or an appointment to view please contact:
Alison Taylor T: 0141 305 6381 E: [email protected] Callum MacDonald T: 0141 305 6319 E: [email protected] Pete Harding T: 0141 305 6378 E: [email protected]
GVA James Barr is a trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
A Bilfinger Real Estate company
Office Investment For Sale 54 Deerdykes View Westfield Park Cumbernauld G68 9HN LOT 1
August 2014 Income producing office pavilion for sale
Asset management / re-gearing potential
Located in an established business park Well connected to the motorway network Offers over £120,000 invited Attractive net initial yield of 24.37% Available as single lot or combined with no.56 (LOT 2)
gva.co.uk
Location The property is situated within the established Westfield Park business park and industrial estate. Westfield Park is located to the south-west of Cumbernauld town centre, close to the recently upgraded M80, which connects to the M8, M73 and M74 providing quick and easy access to Stirling, Glasgow and the South. Cumbernauld has a mainline train station with regularly connections to Glasgow. Nearby Croy Station is a main stop on the Glasgow to Edinburgh line. Deerdykes View is located in the heart of the landscaped Westfield Park and comprises a row of modern office buildings with light industrial units opposite.
Rateable Value
Description
The current rateable value is £29,000
The property comprises a semi-detached two storey office unit constructed in the 1980s. The building is of steel frame construction with PVC coated profile sheeting and metal single glazed windows. The offices have carpeted concrete floors and suspended ceilings with integral CAT 2 lighting.
Floor Areas
The ground and first floors are a mixture of open plan and cellular offices, including an entrance vestibule, male, female and disabled toilets and a tea prep facility.
Ground: First: Total:
In accordance with the RICS Code of Measuring Practice (6th Edition), we calculate the net internal area as follows: 1,631 sq ft 1,739 sq ft 3,370 sq ft
The unit benefits from mains water, sewerage and gas.
Tenancy Workload Financial Business Systems Ltd has been in occupation of the ground and first floors since 1 st April 2007 when they took a 5 year lease expiring on 31st March 2012. They have been renewing on tacit relocation since. The lease is on full repairing and insuring terms at a rent of £30,938 (£9.18 per sq ft) per annum. Workload Financial has their registered office at 54 Deerdkyes View, Cumbernauld. They have a Dun & Bradstreet rating of 1A and a minimal risk of business failure.
Price Our client is seeking offers over £120,000 for the benefit of their heritable interest with the benefit of the existing income. A purchase at this level would provide an attractive net initial yield of 24.37% after deduction of normal purchaser’s costs of 5.8%
EPC The Energy Performance Certificate rating for the building is E.
For further information or an appointment to view please contact:
Alison Taylor T: 0141 305 6381 E: [email protected] Callum MacDonald T: 0141 305 6319 E: [email protected] Pete Harding T: 0141 305 6378 E: [email protected]
GVA James Barr is a trading name of GVA Grimley limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchases or lessors and do not constitute, nor constitute part of, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT Reproduced by courtesy of the Controller of HMSO Crown Copyright reserved. Licence No 774359. If applicable, with consent of Chas E Goad, Cartographers, Old Hatfield, Geographers A-Z Map Co Ltd and/or The Automobile Association. For identification purposes only.
