The 52,459 sq ft property has an EPC rating of B and has recently been fully refurbished and let to Biffa Waste Services to fulfil a recently awarded government contract. The lease runs until February 2044 with a tenant break option in February 2034. The property is let at a current passing rent of £445,900 p.a. exclusive.
Will Sandwell, Commercial Partner said:
“The industrial market remains the most buoyant investment sector across the UK. The successful letting of this unit on a long term lease demonstrates the strength of quality property in a market with tight supply. The property is located in Eurocentral which is the premier location in Scotland with excellent transport links. Beyond the landlord’s specification and generous yard, the tenant is undertaking a significant fit-out to the premises. This investment opportunity meets core-plus property investment fundamentals”.