Industrial Investment- For Sale

Key Information

• Let to Astrak (UK) Limited
• Lease from November 2021 until November 2031
• Tenant Break Option November 2026
• Rent Passing of £180,000 per annum, exclusive
• Rent Review 17th November 2026
• Offers invited in excess of £2.25m (Net Initial Yield 7.5%)
• Reversionary Yield between 8.31% and 8.73%

Property Description

The subjects comprise a substantial modern detached and extended industrial Warehouse and Office property which is let to Astrak (UK) Limited. The building is of steel portal framed construction benefitting from insulated metal cladding to walls and roof coverings. There is a high specification and good quality, two storey administration block attached to the front of the building, of reconstituted stone block cladding with a large and extended Warehouse attached to the rear which is of steel frame and reconstituted stone block cladding to lower walls and insulated metal cladding to upper walls and roof. There is an additional standalone workshop towards the rear of the site. The industrial accommodation benefits from varied eaves heights ranging from circa 4.95m (16ft) to 5.5m (18ft). The site has the benefit of a 'Tarmacadam' surface car park immediately to the front, with a concrete and mono block surfaced yard to the side and rear which benefits from partial secure perimeter fencing.

The subjects are situated on the Western side of Wheatfield Road, Kirkcaldy lying on the western periphery of Mitchelston Industrial Estate. The estate is a recognised and industrial location offering a mixture of local, regional and national company representation. Kirkcaldy itself lies within the Kingdom of Fife approximately 30 miles to the north of Edinburgh, 15 miles East of Dunfermline and some 30 miles to the southwest of Dundee. The town has an estimated population of some 49,000 people and a much larger catchment of circa 150,000 persons.