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Lockerbie Lorry Park

Johnstonebridge, Lockerbie, Dumfries and Galloway, DG11 2SL

POA


LOCATION
Lockerbie Lorry Park is located a short distance to the south of Junction 16 on the M74 which is the main arterial route linking Central Scotland to the M6 at Carlisle in the North of England. The park is …

LOCATION
Lockerbie Lorry Park is located a short distance to the south of Junction 16 on the M74 which is the main arterial route linking Central Scotland to the M6 at Carlisle in the North of England. The park is strategically placed alongside the M74
providing a parking and rest area for HGV drivers and well located for transport distribution throughout the UK.
The property is well attended by lorry drivers seeking overnight parking, refreshments and accommodation to allow for early next morning departures for onward journeys and ensuring delivery deadlines. The approximate driving times from Lockerbie Lorry Park to major UK centres are as follows:

Manchester 3 hours
Birmingham 4.5 hours
London 6.5 hours
Aberdeen 4 hours
Inverness 4.5 hours
Glasgow 1 hour

The subjects are located to the east of the M74 motorway and are accessed from the B7076 public road which links Johnstonebridge to Lockerbie.

DESCRIPTION
The subjects comprise a substantial area of surfaced yard extending to approximately 8 acres with a capacity of 160 lorry parking bays together with
an area of hardstanding for trailer change overs. Located within the site is the facilities building which is of steel portal frame construction with metal
box profile cladding extending to approximately 9,000 sq/ft. The building is arranged over ground and first floors and includes a shop, cafeteria, shower and changing facilities, 17 letting rooms, laundrette, function suite with licenced bar and office accommodation. Other facilities include a Truck Wash and Filling Station which is let to Morgan Fuels.

To the south there are 7 residential properties of which 2 are leased on
long-term lettings and 5 used as self-catering holiday accommodation. The residential properties are of traditional stone construction are very well
appointed with quality fixtures and fittings.

Self-Catering Accommodation
The accommodation for the residential self-catering properties is as follows:

Grouse Cottage - sleeps 6
Twin bedroom with wet room en-suite;
2 twin bedrooms, family bathroom with bath and shower cubicle

Mallard Cottage - sleeps 6
1 twin bedroom, 1 twin/zip & link kingsize bedroom, 1 twin/zip & link kingsize
bedroom with en-suite, family bathroom

Pheasant Cottage - sleeps 5
1 kingsize bedroom, 1 double bedroom,
1 single bedroom, family bathroom with bath and shower cubicle separate
shower room and W.C. on the ground floor
All of the above have open plan lounge / kitchen / dining areas

Partridge House - sleeps 8
Ground floor: 1 twin bedroom, lounge and W.C.
First floor: 1 kingsize bedroom with en suite, 1 double bedroom, 1 twin
bedroom, family bathroom

Woodcock House - sleeps 12
Ground floor: 1 twin bedroom with en-suite wet room, separate family bathroom
Sitting room, open plan lounge / kitchen / dining area
First floor: 2 double bedrooms, 3 twin bedrooms all en-suite

Residential Accommodation

Teal Cottage & Snipe Cottage
Both properties are single storey 3 bedroom with open plan lounge / kitchen/ dining area

THE BUSINESS
The business is well established having traded from this location for 10 years and previously from a site in Lockerbie. The subjects are well known and
popular with those in the Transport and Distribution sector and provides an excellent opportunity for a party to take and actively manage themselves. The
business currently has an excellent and knowledgeable management team and the employment role is currently 30 people on a mix of full time, part time and job share arrangements. The business enjoys an average 3 year turnover in the order of £1.5 million and a 3 year average net adjusted profit of approximately £260,000.

The business benefits from a diverse income stream from parking tariffs which are £15 per night with an average of 100 lorries parked up each day/night. The the shop, cafeteria, letting rooms, functions and the self-catering and residential properties also add to the diverse income. There is scope to increase the parks marketing profile and also an opportunity
to add further development to the site or reconfiguration of the residential properties to more mainstream accommodation.

The business also receives a commission from Morgan Fuels at 0.01p per litre and 0.0055p if any other companies deliver on behalf of Morgan Fuels. The commission income averages at around £2,000 per month.

The biomass plant provides all heating and hot water to the subjects and the Renewable Heat Incentive income averages at £12,000 per annum. A Feed in Tariff income is received for the Solar Panels which averages at about £1,200 per annum.

RATES/COUNCIL TAX
The subjects have following a rateable values:
Lorry Park £70,000
Filling Station £7,850*
Self- Catering Units:
Grouse Cottage £1,900
Mallard Cottage £1,900
Partridge House £2,500
Pheasant Cottage £1,600
Woodcock House £3,750

Council Tax for Residential Properties:
Snipe Band C
Teal Band D

*The business is not liable for the rates payment on the filling station

SERVICES
The biomass plant provides heating and hot water to the Lorry Park building.
The residential and self-catering units have oil fired central heating.
The commercial and residential properties have mains water and electricity connections.
Drainage for the commercial and residential properties is by connection to a single private
septic tank.

ENERGY PERFORMANCE
CERTIFICATES
The Facilities Building has an EPC rating of D
Teal and Snipe Cottage have an EPC rating of C
Copies of the EPC’s are available on request.

LEGAL COSTS
Each party will be responsible for their own legal costs incurred and the ingoing tenant will
be responsible for the payments of LBTT, registration dues and VAT incurred there in.

VAT
All figures are quoted exclusive of VAT.

ENTRY
To be mutually agreed.

FURTHER INFORMATION
For further information or to arrange a viewing please contact the letting agents:

Harry Stott
01786 434 630
07909 978 644
harry.stott@galbraithgroup.com

Lucy Yates
01786 435 046
07824 848 097
lucy.yates@galbraithgroup.com

Galbraith
Suite C, Stirling Agricultural Centre
Stirling, FK9 4RN