Offers over
£575,000
(£110.70/sq. ft)
Property for sale34 Loanbank Quadrant, Govan, Glasgow G51
5,194 sq. ft
About this property
Well-presented semi detached industrial unit with secure yard
Located within the popular Govan area of Glasgow just off Helen Street
Let to Tri-Shield Protection Products Ltd with a company guarantee from Tri-fix Industrial Fasteners Limited
Expiry in October 2032 subject to a tenant only break option in October 2027
Passing rent of £45,000 pa = £9/sq ft
Upwards only rent review in October 2027 to greater of omr or rpi capped and collared at 2-4% per annum compounded
Offers over £575,000 = 7.5% niy after purchasers costs
Semi-detached industrial premises of steel portal frame construction surmounted by pitched insulated panel roof incorporating daylights.
Internally the subjects provide open-plan warehouse accommodation with vehicle access door from secure yard.
Separate pedestrian access is provided leading into the offices that are arranged over ground and first floor level. The subjects are complete with staff welfare facilities.
Location
Located within the popular Govan area of Glasgow just 3- miles south-west of Glasgow City Centre.
The subject property is situated on the north side of Loanbank Quadrant a short distance west of its junction with Helen Street that connects with the Junction 24 of the M8 motorway that in turn connects with the M74 & M77 beyond.
Excellent access to public transport links are provided; Govan Underground & Bus Station are located just a 10- minute walk north. Neighbouring occupiers include Rearo Laminates, Scotjet and agm Group.
Tenancy Information
Let to Tri-Shield Protection Products Ltd (SC591727) with a parent company guarantee from Tri-fix Industrial Fasteners Limited (SC124270) with shareholders funds of £1.48M.
10 years from 11/10/22 subject to a tenant only break option on 11/10/2027
Passing rent of £45,000 per annum (£9/sq ft), subject to an upwards only rent review: 11/10/2027
Rent review is higher of open market or rpi capped and collared at 4% & 2%
Rent will be increasing to a minimum (based on rpi uplift) of: £51,440 in October 2027.
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