10 year leaseback to long-established engineering company (57 years on site)

Key Features

• Parent company guarantee
• 2.8 acres, Freehold site - could suit, reconfiguration, redevelopment, alternative uses (eg: supermarket, retail, leisure)
• Reversionary rent (passing £220k / £4.95/sqft)
• NIY 9.02%

Description

The premises comprise over 44,000 sqft of industrial workshops and offices - providing up to 8 m eaves and excellent production configuration to take advantage of the large 2.8 acre site with 2 entrance / exits from Glenearn Road.

The investment sale will comprise a 10 year guaranteed leaseback to Edwards Engineering who have traded from the site continuously for 57 years.

Location

Glenearn Road is ideally positioned close to the city centre, but within easy reach of the M90 / A9 and wider motorway network. Neighbouring occupiers include, MKM builders merchant, Jewson, Glenearn Flooring (retailer), Greggs, Tesco, Skoda, SAAB and Howden.