• Fully let providing £164,750 p.a. exclusive• Offers in excess of £1.73m / 9.01% Net Initial Yield• www.gva.co.uk/8741

Multi-Let Industrial Investment

DEVELOPMENTS LIMITED

• Strong tenant profiles

• Passing rent of £164,750 p.a.

• Offers in excess of £1,730,000 exclusive

• Attractive net initial yield of 9.01%

• Capital rate of £63.10 per sq ft

• Modern multi-let industrial investment

• Excellent location next to junction 2 of the M74

• 5.20 years weighted average unexpired lease

term (to breaks)

• 4 units providing 27,415 sq ft (GIA)

M74

A749

BARONALD STREET

ARNOLD CLARK

VOLKSWAGEN

TESCO EXTRA

SAFESTORE

A724

A749

J2

UNITS 2A-2D

M8 MOTORWAY NETWORK 4.5 MILES

GLASGOW 2 MILES

RUTHERGLEN LINKS BUSINESS PARK

RUTHERGLEN TRAIN STATION

RUTHERGLEN TOWN CENTRE

>> LocationThe subjects are located in the heart of the Clyde Gateway regeneration area where there has been significant investment in infrastructure and development.For additional information please see: www.investinclydegateway.com

Clyde Gateway Trade Park is located in Rutherglen, situated a 10 minute commute from Glasgow City Centre. Glasgow itself has a population of 630,000 and is one of the UK’s principal metropolitan areas with a catchment of just under 3,000,000. Clyde Gateway Trade Park has excellent road connections with access to the new J2 of the extended M74 being just a 2 minute drive away (approximately 0.5 miles). Rutherglen Station with its minimum of 6 services an hour in each direction to Glasgow and Lanarkshire, is just a 5 minute walk away (approximately 0.25 miles). Glasgow City Centre sits 2 miles to the north west of Clyde Gateway Trade Park.

>> Drive TimesDESTINATION DISTANCE TIMECity Centre 2 miles 8 minsGlasgow Airport 9 miles 12 minsEdinburgh Airport 39 miles 43 minsPrestwick Airport 31 miles 35 minsEast Kilbride 7 miles 19 mins

RUTHERGLEN

CLYDEGATEWAY

>> DescriptionThe subjects comprise a modern, multi-let industrial terrace which forms part of a larger development which was completed in 2010. The larger estate is a double terrace format and the units benefit from communal car parking and yard area. The subjects include Units 2A, 2B, 2C & 2D (shaded dark purple in the adjacent plan) and are of steel portal framed construction with insulated metal wall and roof cladding which benefit from translucent panels. Each of the units have been fitted out by the Tenants to service their operational businesses and in some cases include mezzanine flooring and office space. Each unit benefits from roller shutter door access, clear internal eaves height of 6 metres with Unit 2D benefitting from a small rear yard. The common area of Clyde Gateway Trade Park, being the landscaping and the yard are managed and maintained via a service charge which is imposed via the deed of condition. The road leading to the subject premises has not been adopted, the repair and maintenance of the road is split between the surrounding occupiers, Tesco are responsible for 30% of any costs and the remaining 70% is split between the adjoining occupiers, the owner of Units 2A-2D would be responsible for approximately 10.36% of the non adopted access road.

The subjects extend to a Gross Internal Area (GIA) of approximately 27,415 sq ft (2,546.85 sq m).

>> SiteThe subjects (shaded dark purple) extend to approximately 0.74 acres. Units 1A-1D have been sold off to owner occupiers and are not included. Clyde Gateway Trade Park (light blue boundary) extends to approximately 2.411 acres and the hard and soft landscaping (shaded light grey) are in shared ownership.

>> TenureHeritable Interest (Scottish equivalent of English freehold).

UNITS 1A - 1DSOLD TO OWNER

OCCUPIERS

>> Tenant CovenantsEvolution Fasteners (UK) Ltd (Company Number 4042865) are a manufacturing and distribution company of premium quality, high performance fasteners for the construction industry. As of 31 March 2014, they reported a tangible net worth of £1.33 million with current net assets of £1.02 million. They have a Dun & Bradstreet rating of 1A2. A copy of the Dun & Bradstreet report is available on request. For further information please visit www.evolutionfasteners.co.uk C.V. Panels Ltd (Company Number SC162676) is a local business in the car parts industry supplying wholesale car parts to the vehicle repair and workshop industry. As of 31 December 2013, they reported a tangible net worth of £418,061 and net current assets of £360,023. They have a Dun & Bradstreet rating of A1. A copy of the Dun & Bradstreet report is available on request.

>> Service ChargeThe common areas of the estate are managed by way of a service charge which currently equates to approximately £0.28 per sq ft.

UNIT TENANTGIA

AREA (SQ FT)

LEASE START

RENT REVIEW

BREAK OPTION

LEASE EXPIRY

TERM CERTAIN

TERM TO

EXPIRY

ANNUAL RENT

RENT PSF

NOTES

2A/2BEvolution Fasteners

14,233 14/03/11 14/03/16 13/03/21 5.82 5.82 £87,500 £6.15Schedule of condition attached to the lease. A tenant guarantee is provided by National Westminister Bank until March 2016 capped at £26,250.

2C CV Panels 5,087 03/12/12 03/12/17 03/12/17 02/12/22 2.54 7.54 £31,250 £6.14

Break option subject to 6 months notice. Schedule of condition attached to the lease. Landlord holds a deposit of £7,812.50 plus VAT for the duration of the lease.

2DEvolution Fasteners

8,096 05/01/15 05/01/20 13/03/21 5.82 5.82 £46,000 £5.68

Schedule of condition attached to the lease. 12 months rent free from the date of entry. Vendor to top up will be provided (value of unexpired rent free deducted from settlement figure).

27,415 £164,750

>> Tenancies/WAULTFull copies of the occupational leases along with the schedules of condition will be made available to interested parties. The weighted average unexpired lease term (term certain) is approximately 5.20 years and the weighted average unexpired lease term (to expiry) is approximately 6.15 years.

>> Tenancy Schedule

>> Contact DetailsViewing is strictly by appointment only. For further information please contact:

GVA James Barr is the trading name of GVA Grimley Limited, conditions under which particulars are issued by GVA Grimley Limited for themselves, for any joint agents and for the vendors or lessors of this property whose agents they are, give notice that; (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessors and do not constitute, in whole or in part, an offer or contract. (ii) all descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details, are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) no person in the employment of GVA Grimley Limited or any joint agents has any authority to make or give any representation or warranty whatever in relation to this property. (iv) all rentals and prices are quoted exclusive of VAT. May 2015.

Will SandwellE: will.sandwell@gvajb.co.ukT: 0131 469 6016M: 07801 266 373

>> EPCsUnit Rating

2A C Rating

2B C Rating

2C D Rating

2D F Rating Copies of the EPC certificates are available on request.

>> VATWe have been advised that the property has been elected for VAT purposes and VAT is payable over and above the purchase price however we envisage that any sale will be conducted by way of a Transfer of a Going Concern (TOGC).

>> Data RoomData room access will be made available to seriously interested parties.

>> Capital AllowancesThe capital allowances will be retained by the vendor in this instance.

>> ProposalWe are instructed to seek offers in excess of £1.73 million exclusive in respect of our client’s heritable interest. A purchase at this level would reflect a net initial yield of 9.01% after making an allowance for standard purchasers and LBTT of 5.74%. It would also equate to a capital rate of £63.10 per sq ft.

Jamie ThainE: jamie.thain@gvajb.co.ukT: 0131 469 6011M: 07798 647 620

www.investinclydegateway.comwww.gva.co.uk/8741

DEVELOPMENTS LIMITED