Block 5 Units 4&5, Oakbank Industrial Estate, Glasgow, G20 7LU

Block 5 Unit 5, Oakbank Industrial Estate, Oakbank Street, Glasgow, G20 7LU

Unit available: 1,858 sq. ft.

Location:

Oakbank Trading Estate is located one mile north of Glasgow city centre. The estate is prominently positioned on the A81, a key arterial route, and Junctions 16 and 17 of the M8 motorway are within close proximity providing access to the national motorway network. The prominence of the estate has attracted a strong trade counter presence and occupiers now include Wolseley and Plumbstore in addition to a range of local tenants. Oakbank's excellent location makes the estate well positioned to serve customers in both the city centre, West End and further afield.

Oakbank Industrial Estate sits just outside of the new LEZ implemented in Glasgow city centre from the 1st of June 2023.

Description:

Oakbank Trading Estate consists of 9 blocks of trade and industrial units. Units available include Block 1 Unit 4 (861 sq. ft.), Block 2 Unit 1 (1,917 sq. ft.) (under offer), Block 5 Unit 5 (1,858 sq. ft.), and Block 8 Unit 2 (4,674 sq. ft.) (under offer). The units are of steel portal frame construction with brick and cladding exterior walls.

Block 5, Unit 5 is located centrally within Oakbank Trading Estate, on the opposite terrace to Block 4, Unit 1, in a mid-terrace position. The property has recently been internally and externally decorated. Internally the layout is open plan with two toilet cubicles with wash hand basins in one corner. The mono pitched roof falls from right to left (as you face the property), with its internal height ranging from approximately 12 ft. (3.65 m.) to 16 1/2 ft. (5.0 m.). The roller shutter door has a height of just over 8 ft. (2.54 m.) and width of 10 1/2 ft. (3.2 m.). There is a separate door for staff/customer access and another fire exit door at the side of the property. The yard to the front is shared by the terrace and car parking spaces are provided directly outside the unit.

The annual rent for Block 5 Unit 5 starts from £16,000 + VAT and its contribution to the estate service charge is budgeted as £2,062.38 per annum for the 2023 budget.

The Rateable Value (rv) of Block 5, Unit 5 is £17,400 and because of the Small Business Bonus Scheme, an eligible occupier could claim for 10% business rates relief. For a non-qualifying tenant, the property rates payable to Glasgow City Council for the 12 months from 1st April 2023 to 31st March 2024 would be approximately £8,665.

Please contact the Landlord direct - Ribston Ltd - for further information.