Marketed by
Graham & Sibbald
Edinburgh
40 Torphichen St, Edinburgh EH3 8JB, UK
Under Offer
1 of 3
Offers Over
£640,000
Lanark Delivery Office, 1 Home Street, Lanark, South Lanarkshire, ML11 9AR
10199 sq. ft (947.52 m²)
Key features
- Prime Location
- Excellent Accessibility
- Standalone Distribution Warehouse
- Heritable Interest - Fully Leased to Royal Mail Group Ltd
- Passing Rent ｣37,200 per annum
Description
This modern warehouse spans 10,199 sq ft (948 sq m) and boasts the following features:
Fully Secure Yard:
Ideal for safeguarding goods and equipment.
Modern Tenant Fit-Out:
Ensures an efficient workspace.
4.6m Eaves Height:
Ample vertical space for storage and operations.
Dedicated Car Parking:
Convenient parking for staff and visitors.
Current Rent:
The passing rent is ｣37,200 per annum (｣3.64 per sq ft) until August 2025. Subsequently, it will increase to ｣42,500 (｣4.16 per sq ft) with an upward-only open market rent review in August 2030. The vendor will ensure the rent reaches ｣42,500 per annum upon sale
Royal Mail recently extended the lease by 10 years,
demonstrating their long-term commitment to the
building, consolidating their operations in the
surrounding areas into this unit. The agreed rent is
significantly below the current market rate, offering
future potential for appreciation for any purchaser.
The warehouse now serves as a critical delivery office,
covering Lanark, Carluke, and Biggar
Fully Secure Yard:
Ideal for safeguarding goods and equipment.
Modern Tenant Fit-Out:
Ensures an efficient workspace.
4.6m Eaves Height:
Ample vertical space for storage and operations.
Dedicated Car Parking:
Convenient parking for staff and visitors.
Current Rent:
The passing rent is ｣37,200 per annum (｣3.64 per sq ft) until August 2025. Subsequently, it will increase to ｣42,500 (｣4.16 per sq ft) with an upward-only open market rent review in August 2030. The vendor will ensure the rent reaches ｣42,500 per annum upon sale
Royal Mail recently extended the lease by 10 years,
demonstrating their long-term commitment to the
building, consolidating their operations in the
surrounding areas into this unit. The agreed rent is
significantly below the current market rate, offering
future potential for appreciation for any purchaser.
The warehouse now serves as a critical delivery office,
covering Lanark, Carluke, and Biggar
Reference: 53388_sales
Marketed by
Graham & Sibbald
Edinburgh
40 Torphichen St, Edinburgh EH3 8JB, UK
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Please contact us for full details.
Marketed by
Shepherd Chartered Surveyors Glasgow
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- Photos available 3
Offers Over
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Marketed by
Shepherd Chartered Surveyors Glasgow