Glasgow, 1 Ellismuir Way Tannochside Park, Uddingston
Within
Tannochsdie Park, the Property is situated on a high profile site
on the south side of Ellismuir Way at its junction with the main
thoroughfare of Tannochside drive.The
park includes both modern office accommodation and industrial units,
major occupiers in the park include Kwik-Fit Insurance, Land of
Leather and Stewart Milne group.
The
property is a modern building offering open plan office space on
first and second floors. The property benefits from a passenger
lift, raised floors and air conditioning and also includes 106 car
parking spaces.
The
subject was purchased on behalf of Antler Properties in December
2005 for £2,978,000.
The property comprises
a net internal floor area of 18,220 sq ft. Its let in its entirety
to Hewden Properties Plc on a 25 year lease from 18 June 1999 to
17 June 2024.The lease is on Full repairing and Insuring terms with
5 yearly upward only rent reviews, the next of which is due on 18th
June 2009. The current passing rent is £218,640 per annum,
which reflects an overall rate of £12 p.s.f. |