Unit 1, Hurlawcrook Road, Langlands, East Kilbride .

Property Details
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Property Address

UNIT 1
Hurlawcrook Road
Langlands
East Kilbride

G75 0AP
Property Type Investment
Property Size 10,054 sq. ft
Date Listed November 14, 2016

Property Actions

Property Description

EXECUTIVE SUMMARY
• Stand alone modern warehouse
• Total passing rent of £62,973 per annum
• Attractive Net Initial Yield of 8.22%
• Let to Corney and Barrow Limited (3A1) until February 2023
• High quality warehouse accommodation that is fully utilised by the tenant
• Rent is to be reviewed 5 yearly in line with RPI; NO CAPS
• Located in an established business location, Langlands in South Kelvin Industrial Estate
• Offers in excess of £730,000 (SEVEN HUNDRED AND THIRTY THOUSAND POUNDS STERLING) exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 8.22% and a capital value of £72.61 per sq.ft, allowing for purchasers’ costs at 4.96%.

The subject property was constructed in 2007 and comprises a stand alone steel portal
frame warehouse under a pitched roof. The external elevations and roof are clad with
insulated profile metal sheeting with the roof benefitting from translucent panels to
allow for daylight. Internally, there is surround blockwork on all elevations to dado
height. The warehouse is lit by fluorescent box lights and heated by gas fired heaters.
Furthermore, there is an office block within the warehouse area of which the roof area
is used by the tenant as a storage area.

The subject property is well configured and benefits from a minimum eaves height of
the unit is 4.9 metres. There is an electronically operated roller shutter door at the
front of the premises as well as a separate access door on the same elevation.
The subject property has been constructed within a secure site that includes one other
larger warehouse; both properties share the entrance to the site and the central yard/
turning area. There are dedicated car parking spaces to the front of the property.

About the Location

The subject property is located in East Kilbride, Scotland’s sixth largest town with a
population of over 80,000. East Kilbride is located approximately 12 miles south east
of Glasgow’s City Centre and benefits from excellent road connections to Scotland’s
Motorway Network via the A726 to Junction 5 of M74 and via A725 to Junction 5 of
M77.

The subject is situated in the established Langlands Industrial area of the South
Kelvin Industrial Estate on the southern edge of East Kilbride. Kelvin Industrial Estate
is one of the town’s original commercial areas and provides a mixture of office and
industrial accommodation. Surrounding occupiers of the subject property include,
Sainsburys, Sainsbury Recycling, Reteka, PHS Record Management, Bovil & Boyd
and Advanced Tool Manufacturing Limited.

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