Bellshill Business Centre :: CuthbertWhite

Bellshill Business Centre is a self-contained business centre situated within the popular Bellshill Industrial Estate with quick access to the A725 dual carriageway which provides access to the M74 and M8 motorway between Edinburgh and Glasgow. Situated at the heart of Scotland's motorway network, Bellshill Industrial Estate is a highly sought after location for industrial and logistics operations.

The property provides the following office, workshop and self-storage space:

39 ground floor offices and suites which range from 129 to 1,512 sq ft
A range of workshop units, suitable for light industrial and warehouse purposes which range from 883 to 11,979 sq ft
A range of smaller self-storage units totalling 5,067 sq ft

The centre is fully telecoms & IT enabled and provides meeting rooms, free car parking, CCTV security and an onsite café.

Specification

ASSET SUMMARY:

Undoubted location within the popular Bellshill Industrial Estate
Quick access to the A725 dual carriageway, which provides access to the M74 and M8 motorway between Edinburgh and Glasgow
Flexible business space providing workshop, offices, self-storage and a café totalling 88,365 sq ft
Strong and diverse tenant mix including Wolseley UK, Hager and Elsasser UK and Inspired Gaming UK
Asset management opportunities through re-branding, refurbishing and restructuring current leasing arrangements
Potential re-development opportunities
Total gross income of £675,350 and a projected net income of £474,328 for year ending March 2024
Very low capital rate of £44.70 psf and net rent of £5.36 psf
Seeking offers over £3,950,000 showing a gross yield of 16% and a net initial yield of 11.27% based off projected NOI for YE Mar 2024