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Thornebridge Business Centre Laurieston Rd

4,343 SF 100% Leased Office Building Grangemouth FK3 8XX $636,590 CAD ($147 CAD/SF) 11.39% Cap Rate

INVESTMENT HIGHLIGHTS

  • Prominent roadside location.
  • Office space over two floors
  • Great Transport Links.

EXECUTIVE SUMMARY

We are seeking offers in excess of £350,000 excluding VAT for the investment, which provides a Net Initial Yield of 11.39% after allowing for the deduction of purchasers costs of 3.81%.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
4,343 SF
Building Class
B
Year Built
1987
Price
$636,590 CAD
Price Per SF
$147 CAD
Cap Rate
11.39%
NOI
$72,508 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,553 SF
Building FAR
0.87
Lot Size
0.11 AC
Parking
36 Spaces (5.06 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Kitchen
  • Reception
  • Common Parts WC Facilities

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Direct Rail Services
  • Transportation and Warehousing
  • 1,451 SF
  • $34.58 CAD
  • Jan 2025
  • Laura Burden T/A Gizzy Melts
  • Retailer
  • 167 SF
  • $22.86 CAD
  • Mar 2025
  • LES Fulfilment Ltd
  • Manufacturing
  • 519 SF
  • $18.92 CAD
  • Aug 2027
  • Logo Embroidery Scotland Ltd
  • Retailer
  • 1,255 SF
  • $17.30 CAD
  • Sep 2027
  • Moirs Cleaning
  • Services
  • 283 SF
  • $21.30 CAD
  • Mar 2026
  • Rachael Curran
  • -
  • 339 SF
  • $22.54 CAD
  • Feb 2027
  • WM Consultants
  • -
  • 374 SF
  • -
  • Jan 2025
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Direct Rail Services Transportation and Warehousing 1,451 SF $34.58 CAD Jan 2025
Laura Burden T/A Gizzy Melts Retailer 167 SF $22.86 CAD Mar 2025
LES Fulfilment Ltd Manufacturing 519 SF $18.92 CAD Aug 2027
Logo Embroidery Scotland Ltd Retailer 1,255 SF $17.30 CAD Sep 2027
Moirs Cleaning Services 283 SF $21.30 CAD Mar 2026
Rachael Curran - 339 SF $22.54 CAD Feb 2027
WM Consultants - 374 SF - Jan 2025
  • Listing ID: 24373494

  • Date on Market: 2021-10-27

  • Last Updated:

  • Address: Laurieston Rd, Grangemouth FK3 8XX

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