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MAJOR MIXED USE DEVELOPMENT OPPORTUNITY
5-21 Dalmarnock Road, Rutherglen, Glasgow, South Lanarkshire, G73 1NY
River Clyde
M74
A724
A724
Approach to Cunningar Loop
TRADE PARK
5-21 Dalmarnock Road, Rutherglen, Glasgow, South Lanarkshire, G73 1NY
Investment Summary• A major mixed use commercial development opportunity for
sale as a whole or in part.
• Strategic location at the heart of the East End of Glasgow.
• Atpresentthesitecomprisesindustrialunitsandofficebuildings set over 10.79 Acres (4.37 Hectares) and totalling119,830 sq ft (11,132 sq m).
• Planning permission in principle granted for mixed retail /food and leisure uses.
• The property is held Feuhold (equivalent of English Freehold).
LocationThe opportunity is located on the banks of the River Clyde in the East End of Glasgow, 3.6 miles (5.8km) south east of Glasgow City Centre, on the outskirts of the town of Rutherglen.
Junction 2 of the M74 is within 0.8 miles (1.2km) of the site providing excellent transport links to Edinburgh, approximately 45 miles (72km) to the east, Carlisle, 95 miles (153 km) to the south east and subsequently on to the wider UK motorway network.
The area is well served by public transport, a regular bus service operates from Dalmarnock Road and Dalmarnock Railway Station, located within 0.5 miles (0.8km), provides a fast and frequent rail service to Glasgow City Centre in less than 10 minutes.
Glasgow Airport is a 15 minute drive, approximately 11 miles (18km) to the east of the site and is the second busiest airport in Scotland, after Edinburgh Airport. It is the primary airport serving the west of Scotland and is the principal transatlantic and direct long-haul entry airport into Scotland.
SituationThe site occupies a highly prominent position fronting onto the west side of Dalmarnock Road at its junction with Downiebrae Road.
The surrounding area is one of mixed use with a range of commercial occupiers which includes Tesco, McDonald’s, KFC, Arnold Clark and Safestore.
The area has seen large scale commercial and residential investment and development in recent years and is becoming increasingly popular with industrial and commercial occupiers due to its excellent motorway connections and public transport facilities.
The Royal Burgh of Rutherglen falls within South Lanarkshire which forms part of the Greater Glasgow conurbation and has a population of 31,401. South Lanarkshire itself is home to just over 311,000 people and is one of the largest and most diverse areas of Scotland.
The site is within a Regional Development Area and the area served by the Clyde Gateway Regeneration Zone. It is at the gateway between the City of Glasgow and South Lanarkshire.
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NORTHUMBERLANDNATIONAL PARK
KIELDERFOREST PARKGALLOWAY
FOREST PARK
GLASGOWEDINBURGH
ST ANDREWS
DUMFRIES
PRESTWICK
CARLISLE
NEWCASTLE UPON TYNE
M74
M77
M74
M8
DUNDEEPERTH
PERTH
A68
A68
A697
A7A72
A702
A702
A7
GLASGOW
HAMPDENPARK
RUTHERGLEN
CELTICPARK
BURNSIDE
GLASGOW GREEN
M74
M74
M74
M8
M8
A74
A74
A74
A77
A77
A8
A274
A2749
A274
B768B768
A730
A274
A278
A278
A730A278
A278
CITY CENTRE
GLASGOW ROYAL INFIRMARY
SPORTS GROUND
COMMONWEALTH VILLAGE
LINK HOUSING
SIR CHRIS HOY
VELODROME
5-21 Dalmarnock Road
5-21 Dalmarnock Road, Rutherglen, Glasgow, South Lanarkshire, G73 1NY
DescriptionA large site fronting onto Dalmarnock Road, Downiebrae Road and Baronald Street, comprising 21 buildings whichofferamixofindustrialunitsandofficeaccommodationaswellasalargermodernhighbaywarehouseto the rear which comprises 31,664 sq ft (2,942 sq m).
At present the gross internal area of the buildings total 119,830 sq ft (11,132 sq m).
The site currently provides the following commercial use classes.
Class 4 - Business Class 5 - General IndustrialClass 6 - Storage and Distribution
PlanningThe site has Planning Consent in Principle for mixed use including Class 1 retail, hot food takeaways, Class 3 restaurant and Class 11 Leisure.
A copy of the Decision Notice in respect of application CR/15/0040 dated 4th March 2016 is available upon request.
EnvironmentalAn environmental survey has been carried out and a copy of the full report is available upon request.
TenureThe property is held Feuhold (equivalent of English Freehold).
TenancyThe majority of the site is let to Sanmex International Limited, expiring 10th September 2017, at the passing rent of £150,000 per annum. in addition there are rolling Licences to Occupy in place in the small units at 19-21 Dalmarnock Rd at a total rental of £19,200 per annum. The site as a whole provides a total rental of £169,200 per annum.
Should a potential purchaser require vacant possession, this could be mutually agreed prior to the expiry date.
Tenant CovenantSanmex International is a 3rd generation family owned business and the largest independent aerosol manufacturer in the UK, their products sell in retailers all over the UK and in more than 40 countries worldwide.
Local VicinityLink Housing are to develop in the region of 550 new houses within 100 metres of the subject site on the land of theformerDalmarnockPowerStation.Linkwillbuildthesiteoutonaphasedbasiswiththefirstphasegettingunderway in 2016 and overall completion due in 2021/2022.
The Commonwealth Games Athletes’ Village, developed by City Legacy, is located opposite the development site,acrosstheRiverClyde.ItisoneofthemostsignificantregenerationschemesintheUKprovidingalargeresidential community of 700 homes, comprising 400 affordable rent homes and 300 that were available for private sale as well as a 120-bed care home for the elderly.
The Emirates Arena and adjoining Sir Chris Hoy Velodrome, located within 1.2 miles (1.9 km) north of the subject site, form one of the most versatile structures of its kind in Europe. These state of the art facilities will host international competitions, and aid the development of the next generation of Scottish athletes. They will alsoprovidefirstclasstrainingfacilitiesforthelocalcommunities.
Adjacent to the site is the new Cunningar Loop Family Attraction , which is drawing large numbers of visitors.
Site Area We understand the site extends to approximately 10.79 Acres (4.37 Hectares) as outlined in the plan below. (Promap).
4.9m
L Twr
Depot
19
Shelter Tank
Electricity D
MLWSMean High Water Springs
River C y
7.6m
6.4m
Dalmarnock Bridge
DOWNIEBRAE ROAD
WB
Pipeline
Pipeline
Pipelines
Pipeline
Works
5to
9
Tanks
Tanks
H
l
ESS
Tank
Shelter
5.2m
DOWNIEBRAE ROADEl Sub Sta
SM
Works
e
Mc
33
a
0m 25m 50m 75m
Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:1891
For indicative purposes only.
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Further InformationShould you require further information or wish to view the property please contact either:-
STEVEN POLLACK OLIVER TAYLOR STEPHEN ROBERTSON CRAIG SEMPLEBuchanan Bond Buchanan Bond GVA James Barr GVA James Barr T: 020 7042 6002 T: 020 7042 6001 T: 0141 305 6311 T: 0141 305 6314 M: 07530 424 019 M: 07773 773 790 M: 07748 111065 M: 07902 078 544E: [email protected] E: [email protected] E: [email protected] E: [email protected]
Misrepresentation Act 1967 & DeclarationBuchanan Bond Real Estate Ltd and GVA James Barr, for themselves and for the vendors 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, and do not constitute, nor constitute part of, 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 should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii) No person in the employment of Buchanan Bond Real Estate Ltd or GVA James Barr has any authority to make or give any representation or warranty in relation to this property. AUGUST 2016
ProposalThe Sellers are seeking offers for the Feuhold (equivalent of English Freehold) interest, subject to conclusion of missives, for the site as a whole or in part.
