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