DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...

 
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DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE          FOR SALE
1 DOVE WYND            QUALITY BUSINESS PARK
STRATHCLYDE BUSINESS   INVESTMENT OPPORTUNITY

PARK ML4 3AL           ATTRACTIVE OFFICE PAVILION IN AN
                       EXCELLENT CENTRAL SCOTLAND LOCATION
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE
  1 DOVE WYND
  STRATHCLYDE BUSINESS
  PARK ML4 3AL

   MERCURY HOUSE

   EXECUTIVE SUMMARY
                                                      MERCURY HOUSE

• Prominent office pavilion at the entrance of
  Strathclyde Business Park
                                                      STRATHCLYDE BUSINESS PARK
• Excellent location with easy access to the
                                                   Strathclyde Business Park provides       On site amenity provision is excellent,
  Central Scotland motorway network, well          over 1.4 million sq ft of business and   with a DoubleTree by Hilton hotel,
  connected to Glasgow, Edinburgh and beyond       amenity space within a high quality      several restaurants including The
                                                   landscaped parkland setting of           Avondale Bar & Grill, sandwich bars
• Highly successful business park with excellent   approximately 155 acres. The park has    such as Food 2 Go and Café Gusto,
                                                   grown steadily over the past 20 years    Papillon Nursery, a convenience store,
  amenity provision and a number of high profile   since development first began in the     Living Well Fitness Centre and banking
  occupiers                                        early 1990s, and is now one of Central   facilities; making the park an attractive
                                                   Scotland’s largest and most successful   option for occupiers. The park has an
• The entire building of 64,146 sq ft and 350      business parks. Strathclyde Business     active park-wide car share scheme.
                                                   Park is home to over 240 businesses
  parking spaces let to Virgin Media Limited on    and around 6,300 staff, with major       Mercury House is located on Dove
  FRI terms until 31 January 2020                  occupiers including Scottish Power,      Wynd occupying a prominent site at
                                                   NG Bailey, Scottish Enterprise and       the entrance of Strathclyde Business
• Passing rent of £872,000 per annum equating      Wood Group.                              Park. Mercury House provides the park
                                                                                            a landmark to traffic travelling along
  to £13.59 per sq ft                              Strathclyde Business Park benefits       the A725.
• Offers are invited for our client’s heritable    from site wide CCTV coupled with
                                                   24 hour security patrol providing
  interest                                         complete peace of mind.
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
Mercury House is well located
MERCURY HOUSE                                                            within the west of Scotland’s
                                                                         premier out of town office
1 DOVE WYND                                                              destination, Strathclyde

STRATHCLYDE BUSINESS
                                                                         Business Park. Strathclyde
                                                                         Business Park lies approximately

PARK ML4 3AL
                                                                         12 miles to the east of Glasgow,
                                                                         Scotland’s largest city with a
                                                                         population of circa 608,500
                                                                         people and a wider catchment
                                                                         of 2.3 million, equivalent to
                                                                         around 40% of Scotland’s total
                                                                         population.

    M8 / GLASGOW
    (12 MILES)

                    BAILIEISTON
             M8    INTERCHANGE

                                                            A89
           A8
                             8        A752
                                                            BARGEDDIE
                                                            JUNCTION
                                                                                                             SHAWHEAD                                                    linking to the M80 running north. The
                       M73                                         M8                     A8                INTERCHANGE         MERCURY HOUSE                            Raith Interchange junction is 2.5 miles to
                                               D

                                                                                                                                                                         the south of the park, connecting to the
                                        EAD ROA

                                                                                                                                LOCATION
                                                                                                  7                                                                      M74 running south. There is a recently
                                      AITKENH

                                                                                                                                                                         completed £500 million motorway
                                                                                                                                                                         improvement project that has upgraded
                                                                                                            M8 / EDINBURGH
                   4                                                                                        (38 MILES)                                                   the A8/M8, M73 and M74 road network,
                                                                                               NORTH ROAD

                                                OLD E                                                                                                                    which includes major improvements
                                                     DINB                          A725                                                                                  to the Raith Interchange and a new
                                                          URGH
                                                                  ROAD                                                                                                   motorway junction at Shawhead to the
                                         A721
                                                        NEW EDIN                                                             Strathclyde Business Park is in North       realigned M8.
                                                                  BURGH RO                                                   Lanarkshire, around 2 miles north west of
                                                                            AD
                                                                                                                             Bellshill and in close proximity to other   The park benefits from three dedicated
                                                 M74                                                                         towns such as Motherwell, Hamilton,         bus stops on Phoenix Crescent, which
                                                                                                                             Coatbridge and Airdrie.                     circles the park. The 299 service links
                                                                                                                                                                         the park to Bellshill and Hamilton, with
                                  UDD

                                                                                 OAD
                                     INGS

                                                                                                                             Strathclyde Business Park is extremely      the timetable dovetailed to the train
                                                                             LL R
                                     TON

                                                                                                                             well connected, with easy access to the     services at Bellshill train station (2 miles),
                                                                         SHI
                                                                           L
                                        ROA

                                                                       BEL

                                                                                                                             Central Scotland motorway network.          providing a link to national rail services.
                                                                               RAITH
                                            D

                                                                   5                                                         The park is located just west of the A725   Glasgow and Edinburgh Airports are
                                                                               INTERCHANGE
                                                                                                                             and south of the Shawhead Interchange,      both within a 30 minute drive time of
                                                                                                                             which links directly to the A8/M8 running   Strathclyde Business Park.
                                                                                                                             from east to west, and on to the M73
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE                                                                                                         MERCURY HOUSE

1 DOVE WYND                                                                                                          DRIVE TIMES
                                                                                                                                                                      M8			3 mins
                                                                                                                                                                      Motherwell		        12 mins

STRATHCLYDE BUSINESS
                                                                                                                                                                      Glasgow City Centre 18 mins
                                                                                                                                                                      East Kilbride		     20 mins
                                                                                                                                                                      Glasgow Airport		   25 mins

PARK ML4 3AL                                                                                                                                                          Edinburgh		         30 mins

                                                                                                                                                              GLASGOW CITY CENTRE              M8      EDINBURGH

MORRISONS DISTRIBUTION   WILLIAM GRANT & SONS DISTILLERS   SCOTTISH ENTERPRISE    CITIBASE   HFD GROUP       SCOTTISH POWER   TARMAC   PPD   LIVINGWELL HEALTH CLUB     DOUBLETREE BY HILTON        NG BAILEY   WOOD GROUP

                                                                                 PHOENIX CRESCENT

                                                                                                                                                                                                M8 (JUNCTION 7)

                                                                                                                                                                        BELLSHILL BYPASS A725

                                                                                                         M74 (JUNCTION 5)
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE                    The building was developed with 350 car spaces within a car park area
                                    that has been finished in brick pavier. This provides a car parking ratio of        MERCURY HOUSE
                                    1:183, significantly better than the typical ratio for business parks in the

  DESCRIPTION                       west of Scotland that tends to be between 1:300 and 1:500. The remainder
                                    of the site is finished in soft landscaping in keeping with the landscaping of
                                    the wider business park.                                                            ACCOMMODATION
                                    From the building’s reception there are two 13 persons passenger lifts
                                    serving all floors. There is a main staircase leading from reception to first    The building has the following net internal area.
                                    and second floors. There are three additional stair cores within the building
                                    and toilet facilities on each floor.                                                                                             AREA NIA
1 Dove Wynd occupies one of                                                                                           DEMISE (USE)
the first developed sites on this   The general specification of the building includes:                                                                     SQ M                SQ FT
well established business park.
                                    •   150mm raised access floors                                                    Ground Reception                      114.36               1,231
The building was completed
                                    •   Suspended ceilings
in 1993 and provides open                                                                                             Ground Offices                       899.20               9,679
                                    •   Air conditioned offices
plan office accommodation           •   2.7 metres clear floor to ceiling height                                      Ground Former Warehouse              674.01               7,255
over ground, first and second       •   Male, female and disabled toilet facilities
floors. The building is of                                                                                            First Offices                        2,171.03             23,369
steel frame construction with       The building was originally designed with an element of workshop and
                                    storage space at ground floor along with the building’s plant room. The           Second Offices                       2,100.71             22,612
brick elevations beneath a
                                    workshop area has been fitted out by the tenant as additional office space.
roof arranged in two pitched                                                                                          TOTAL                                5,959.31             64,146
sections that have been clad in     In the event of a mains electrical supply failure there is a diesel generator
tile around a central lightwell.    housed in a separate outbuilding to the rear of Mercury House.                   The site has an approximate area of 2.05 hectares (5.065 acres).
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
The entire subjects were originally let to Mercury
MERCURY HOUSE   Communication Limited, now Vodafone Enterprise             MERCURY HOUSE
                UK on a FRI lease from 5 August 1993 to 4 August

TENANCY                                                                   TENURE
                2018. Mercury House is sub-let to Virgin Media
                Limited on terms effectively equivalent to the
                head lease. Virgin Media Limited have agreed an
                extension of their occupation until 31 January 2020
                on the terms of the original lease including the rent
                remaining at the passing level of £872,000 per
                annum equating to £13.59 per sq ft.                     Heritable interest (Scottish
                                                                        equivalent of English Freehold).

                                                                                                              MERCURY HOUSE

                                                                                                              COVENANT
                                                                                                              INFORMATION
                                                                                                           Virgin Media is the leading cable operator
                                                                                                           in the UK and Ireland, delivering 14.4 million
                                                                                                           broadband, video and fixed-line telephony
                                                                                                           services to 5.9 million cable customers and
                                                                                                           mobile voice and data services to 3.1 million
                                                                                                           subscribers at December 31, 2017.

                                                                                                           Virgin Media Ltd has a Dun & Bradstreet rating
                                                                                                           of 5A1 with a sales turnover of £546,394,000
                                                                                                           for the year ended 31 December 2016 and a
                                                                                                           pre-tax profit of £851,371,000.
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE                               MERCURY HOUSE

   EPC                                        PRICING
The building has an Energy                  Offers are invited for our client’s
Performance Certificate Rating of D.        heritable interest.

   MERCURY HOUSE

   VAT
The property is elected for VAT purposes
and it is anticipated that the investment
will be treated as a TOGC.
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
MERCURY HOUSE                                                                                                              FOR SALE

      1 DOVE WYND                                                                                                                QUALITY BUSINESS PARK
                                                                                                                                 INVESTMENT OPPORTUNITY
      STRATHCLYDE BUSINESS
      PARK ML4 3AL                                                                                                               ATTRACTIVE OFFICE PAVILION IN AN
                                                                                                                                 EXCELLENT CENTRAL SCOTLAND LOCATION

                                                                                                                                     MERCURY HOUSE

                                                                                                                                     FURTHER INFORMATION
                                                                                                                               For further information or to arrange a
                                                                                                                               viewing, please contact:

                                                                                                                                Carolyn McEwan                                                      Stuart Spalding
                                                                                                                                carolyn.mcewan@cushwake.com                                         stuart.spalding@cushwake.com
                                                                                                                                0141 304 3258                                                       0141 304 3243

Cushman & Wakefield LLP on their own behalf and for vendors or lessors of this property, whose agents they are, gives notice that: 1/ The particulars are produced in good faith, but are a general guide only and do not constitute any part of a contract.
2/ No person in the employment of the agent(s) has any authority to make or give any representation or warranty whatsoever in relation to this property. 3/ The property is offered subject to contract and unless otherwise stated all rents are quoted
exclusive of VAT. 4/ Nothing in these particulars should be deemed a statement that the property is in good condition, or that any services or facilities are in working order. 5/ Unless otherwise stated, no investigations have been made regarding
pollution, or potential land, air or water contamination. Interested parties are advised to carry out their own investigations if required. Publication date: September 2018.
DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ... DOVE WYND STRATHCLYDE BUSINESS PARK ML4 3AL - MERCURY HOUSE FOR SALE - Cushman ...
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