Office unit investment for sale in Grangemouth

This property is marketed by:
Lapsley McManus

KEY FEATURES

VAT Free Investment

Offices qualify for 100% rates relief

4,343 sq ft (403.62 sq m)

Gross Rent - £58,597 pa

Net Rent - £41,406 pa

Offers Over - £350,000

Net Initial Yield of 11.39%

The subjects comprise a two storey property of steel frame construction under a sequence of pitched and profile sheet-clad roofs. The external elevations of the property are brickwork.

The property is contained within a site bounded by heras fencing. A new perimeter steel fence has been installed around the eastern elevation of the property where the car park is located. The car park is tarmac surfaced providing c. 26 spaces with an additional 10 spaces along the perimeter of the property front and rear. 

Access is from a projecting porch entrance clad in stone. The premises comprise office accommodation over ground and first floors. The ground floor comprises rooms 1-4 and is arranged around the reception area with offices spanning either side. There is a small tea prep located behind the reception. Male and female toilets and a shower facility can also be found on the ground floor.

The 1st Floor comprises rooms 5-9 and is accessed from a remodelled staircase. The first floor comprises office accommodation together with a generous kitchen incorporating seating. There is also access between floors from fire escape stairs. There is a second point of access / egress from the building at the car park elevation.

The office accommodation within the building has been refurbished. The refurbished offices are presented with new flooring, a mix of plaster and modular walls and suspended ceilings incorporating modern lighting. All of the windows to the offices have been replaced with double glazed uPVC framed windows. Within some of the offices there is modern partitioning incorporating glass.