GALA BINGO & ALDI, KILBOWIE RETAIL PARK ... - King Sturge

© Collins Bartholomew Limited 2007. Plotted Scale - 1:375305
This plan is published for the convenience of identification
only and although believed to be correct is not
guaranteed and it does not form any part of any
contract. ? Crown Copyright. All rights reserved.
Licence Number 100017659
INvEsTmENT CONsIDERATIONs
•
•
•
•
•
2 retail / leisure units let to strong covenants.
Unexpired leases of 15 and 18 years.
Low passing rents.
Lot size: £5.2 million.
Initial yield: 6.25%
LOCATION
Clydebank is located approximately 8 miles to the north west of Glasgow on the north bank of the
River Clyde. The town has a resident population of approximately 30,000 with a catchment within a
10 minute drive time of 167,000 people, 20 minutes 704,000 and 30 minutes 1,330,000.
The town has excellent communications with good road, air and rail facilities. The town is served
principally by the A82 from the east which joins the M8 motorway running through the north of
Glasgow and connecting to the national motorway network. Glasgow airport is located approximately
10 miles or 15 minutes drive time from Clydebank.
The town is well served with a regular rail and bus service from Glasgow City Centre and within the
catchment.
sITUATION
Kilbowie Retail Park is situated to the west of Argyle Road and Montrose Street. The Retail Park is
situated to the north of Clydebank Town Centre in close proximity to Clyde Shopping Centre and Clyde
Retail Park.
sITUATION AND ACCOmmODATION
Kilbowie Retail Park comprises a modern retail warehouse park developed in 2000 and comprises
58,164 ft 2 (5,404 m 2 ) of retail warehousing on a site approximately 5.04 acres (2.04 hectares).
The other occupiers on the Park are a MacDonalds Fast Food Restaurant and Poundstretcher Limited.
There are currently two vacant units and Poundstretcher are currently not in occupation.
The subjects comprise the two end adjoining warehouse retail units in a terrace of five. The units
are of steel portal frame construction with elevations of part cavity brickwork and part profile steel
sheeting. The subject units have been fitted out by the tenants in keeping with their individual corporate
styles.
The Park has approximately 210 car parking spaces (including 40 spaces for the restaurant) providing
a ratio of 1:187 ft 2 (1:17 m 2 ). The car parking is not specifically demised but is to be used in common
by all occupiers on the Park.
TENURE
Our clients would be disposing of the heritable interest in the units. The car parking areas, access
roads etc will remain as common areas shared between all the occupiers on the Park.