Orbital House

Peel Park, East Kilbride, G74 5PR
£6,700,000

• Prominent former HQ office building fully repositioned as a multi-let asset
• Extending to 69,056 sq ft with 323 on site car parking spaces
• Flexible floor plates and office suites ranging from 198 sq ft to 19,460 sq ft
• Building in excellent condition benefitting from significant improvements over recent years including new lifts, new atrium, new air handling units, common area decoration, WC refurbishment and refurbishment of various office suites between lettings
• Fully let to variety of strong covenants including Clyde Blowers, Veolia, Atos IT, Close Brothers Finance
• Passing rent of £863,657 p.a. exclusive
• Low average passing rent of approximately £12.50 per sq ft
• Seeking offers in excess of £6,700,000 exclusive
• This price reflects a net initial yield of 12.14%assuming acquisition costs and LBTT of 6.15%
• The pricing reflects a low capital rate of £97 per sq ft

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