2 Ellismuir Way

2 Ellismuir Way, Tannochside Park, Glasgow, G71 5PW

Offers Over £5,400,000

  • New build industrial & logistics warehouse investment.
  • Highly specified new build industrial & logistics unit extending to (3,934 sq m) / 42,345 sq ft.
  • Located within an established industrial location 0.5 miles from the M8 to the East of Glasgow.
  • EPC Rating of A-03.
  • Tenant break in year 7 (12 months notice).
  • 5 yearly review to the higher of OMR or annual RPI compounded (collar 1.50% & cap 4.00%).
  • Let to OLR Holdings Limited t/a DFYNE.
  • New 10 year FRI lease from 7 February 2024.
  • Passing rent of £392,000 p.a. exclusive.
  • Offers in excess of £5,400,000 exclusive.
  • Attractive Net Initial Yield of 6.81% and a capital rate of £127 psf.

LOCATIONThe Park lies approximately half a mile from the M8/A8, connecting Glasgow (8 miles to the West) and Edinburgh (35 miles to the East). The M73 and M74 (M6) motorways also lie within a 5 minute drive of the Park. Tannochside Park sits in close proximity to other well established industrial locations such as Bellshill, Eurocentral, Newhouse and Coatbridge and caters for industrial and distribution demand from occupiers who require to serve both Glasgow, Edinburgh and the rest of Scotland by having immediate access to the M8 and in turn M73/M74 motorway networks.The property occupies a prominent site on Ellismuir Way, next to the main roundabout at the entrance to Tannochside Park. Neighboring occupiers include DPD, Whistl, Macphie, Hilti, Belgrade Insulation, Sky, Slater Menswear, Wayfair, Artisanal Spirits, Emtec Group, Steer Glasgow and Caledonian Plywood Company.DESCRIPTION2 Ellismuirway is a new build, high quality industrial and logistics property. The unit was built speculatively and completed in summer 2023 providing the following specification. The property comprises a steel portal frame building with profile metal clad roof and walls with elements of feature composite cladding. Car parking is provided to the front of the unit with secure yard to the rear.The specification includes:• Internal eaves height of 9.00m• 4 ground level loading doors (5.00m H x4.00m W)• Floor loading to a max 50KN/sqm• 44 dedicated monoblock car spaces tothe front including 4 disabled and 6 EVcharging points• Tarmacadam circulation road• Large secure concrete yard with dedicated access (42m average depth)• Provision for an additional 49 car spaces in rear yard• External LED lighting• Large ground floor reception• First floor offices with lift access, raised floors, LED lighting and tea prep• Offices are naturally ventilated with heating/cooling provided via VRV to the first-floor• Power – circa 200 KVAENERGY PERFORMANCEThe building benefits from an EPC Rating of A-03.ACCOMMODATIONThe property extends to the following approximate Gross Internal Area:Ground Floor: 38,126 SQ FTFirst Floor Offices: 4,219 SQ FTTotal GIA: 42,345 SQ FT