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Brandon Gate

Leechlee Road, Hamilton

ML3 0XB

Office

Status - For sale

Tenure - Long Leasehold

Total floor area - 71,368 sq ft

Price - £13.25m

Net initial yield - 6.55%

Capital value - £186 per sq ft per sq ft

The property provides three purpose built office buildings providing approximately 71,300 sq ft of modern open-plan office accommodation together with 150 car parking spaces. The property is held on a ground lease for a period of 175 Years from the 28 November 2003 at a rent of £1 pa. Over 90% of income secured against local Government tenants. 85% of current income secured for in excess of 14 years from South Lanarkshire Council. Current income is £917,300 pa. (under £13psf overall).