Rare opportunity - Fully let , mixed use investment for sale
1.52 Acre - 58 Albert Street
A complex of office and industrial buildings within a securely fenced site of 0.615 ha/1.52 acres or thereby.
To the north east of Motherwell town centre, the local road network offers ready access throughout Motherwell and beyond to Wishaw, Hamilton, Bellshill etc., and there are connections to the M74 at Junction 6 to the east and the A/M8 to the north at Newhouse Junction for Glasgow, Edinburgh and the national motorway network.
Unit 1A – double bay, open plan unit with ancillary accommodation of offices, store and toilet to one side; 29ft 6 ins/9m sliding door vehicular access; 5 m/16ft 8 ins internal eaves height. Planning consent granted for a change of use to music recording & rehearsal studios, and external alterations to building frontage; North Lanarkshire Council reference 19/01490/FUL. Let to Reeltime Music; 1/5/2020 to 31/4/2050; tenant only option to break after 10 years and 5 yearly rent reviews; £19,000 per annum exclusive of VAT, local rates and service charge; rental abated to £9,000 until 1/3/2023
Unit 1B – double bay unit; portacabin style offices and toilet; electric roller shutter access; 3 phase electrics; 12ft 2 ins/3.74m internal clearance. Let to 786 Horizon Foods; 11/3/2019 to 10/3/24; £14,500 per annum exclusive of VAT, local rates and service charge; schedule of condition.
Unit 1C – electric roller shutter access; 20ft 5ins/6.29m eaves height; 3 phase electrics; toilet provided opposite, attached to unit 2. Let to 786 Horizon Foods; 15/11/2020 to 10/3/2024;m £6,500 per annum exclusive of VAT, local rates and service charge; schedule of condition
Unit 2A/2B – recently re-faced, detached high sided building with 3x electric roller shutters to frontage and sub-divided internally to provide workshop/garage, store and offices plus mezzanine; 21ft 9 ins/6.7m internal clearance. 2 x “show cabins” have been erected on site. Let to Kenneth Charles Bespoke Joinery Ltd; 1/6/2019 to 24/5/2029; 5 year rent review; £10,200 per annum exclusive of VAT, local rates and service charge
Unit 3A,B&C- part single storey and part two storey detached building offering extensive cellular office accommodation with kitchen/staff facilities and appropriate toilet provisions. Let to The health and Wellness Hub; 1/9/2018 to 31/8/2023; £13,800 per annum exclusive of VAT, local rates and service charge.
Unit 4 – detached single storey property currently offering reception office, open plan central retail area with 2 rooms off, kitchen, male and female toilets. Let to Danielle Jordan t/a The Fin Room; 1/8/2019 to 31/7/2024; £10,000 per annum exclusive of VAT, local rates and serice charge
Extensive yard and parking facilities on site with free on street parking on Albert Street and public car parking nearby off Dalziel Street.
OFFERS OVER £ 620,000 (exclusive of VAT) are invited and, in the first instance, all offers should be made to Mr Cameron of this office.
Viewing is STRICTLY by appointment through ourselves as agents.