Gartcosh Industrial Park

Auldyards Road, Gartcosh, Glasgow, G69 8GD

Offers Over £6,975,000

  • Modern mid-box industrial park investment
  • Located immediately off junction 2A of the M73, 8 miles from Glasgow’s CBD
  • 3 detached units extending to a total GIA of 58,998 sq ft (5,481.09 sq m)
  • All Units have an EPC “A” rating
  • Let to strong tenants, DX Network Services, Vision Vehicles Solutions and Dreams
  • Fully let providing a term certain WAULT of 6.76 years and 8.94 years to expiry
  • Passing rent of £497,617 p.a. exclusive
  • Offers in excess of £6,975,000 exclusive
  • Attractive Net Initial Yield of 6.69% and a capital rate of £118 psf

LOCATION:Gartcosh Industrial Park is located 10 miles North East of Glasgow city centre and forms part of the larger Greater Glasgow conurbation within North Lanarkshire. The Park is situated immediately off the 4 way junction 2A of the M73, being 3 miles North of the M8 Baillieston Interchange in the heart of central Scotland’s motorway network. The location offers unparalleled road access to the whole of Scotland and also to a large and experienced local labour force for business, industry and logistics.In addition, the Park benefits from its proximity to Gartcosh Railway Station, approximately 500m South West.Major neighbouring occupiers include the Scottish Crime Campus, and in 2022 global manufacturer Guala Closures announced a site acquisition for the development of a £36m / 220,000 sq ft state of the art production facility, which is currently under construction on a site adjacent to Gartcosh Industrial Park.DESCRIPTION:Gartcosh Industrial Park is one of the newest industrial developments in central Scotland. The developer, Gartcosh Estates LLP, is a joint venture between Fusion Assets Limited and J.Smart & Co. (Contractors) PLC. The subjects form Phase one of development at the Park, with the remaining 12 acres of serviced land, (owned by Fusion Assets Limited), providing further development opportunities. Planning consent is in place for Phase 2 (3 units totalling 60,000 sq ft) and Phase 3 (4 units totalling 60,000 sq ft). Phase 4 could accommodate a single 40,000 sq ft unit. The wider surrounding land is owned and promoted by Scottish Enterprise.The subjects comprise 3 units totalling 58,998 sq ft sited on approximately 4.90 acres. The accommodation provides high specification, mid-box industrial units, each with a dedicated secure concrete yard and ancillary parking. The units are surrounded by a high-quality landscaped park and serviced via a shared access road. The first unit was completed in 2020 and the last two units were completed in 2023.The park provides units of between 16,098 and 24,748 sq ft with a consistent high-quality specification throughout including:• Steel portal frame with 6.50m clear internal eaves height (9.00m to apex)• 30kN/m2 concrete floor• Composite cladding wall and roof system incorporating translucent panels• 27m depth secure concrete yards with palisade fence• 2 ground level access loading doors• Provision for efficient office / ancillary accommodation• 3 phase power