On behalf of a private investor client, Colliers International has negotiated the purchase of 14 Palacecraig Street, Coatbridge ML5 4RY from ASD Metals Ltd for £450,000. The property, which features two interconnecting warehousing buildings with cranage, detached office block and a secure yard, is now available to lease through Colliers International at an annual rent of £67,500.
Totalling 20,781 sq ft (1,931 sq m) on a site of 1.04 acres, the property is situated within the well-established Rosehall industrial area of Coatbridge, which provides fast and easy access to the A8/M8 via the Shawhead Interchange. Prominent nearby occupiers include Boots Distribution Centre, McKinnon Mills, Tannoy, Olecco and HSS Hire.
Iain Davidson, director of Industrial & Logistics at Colliers International in Glasgow, said: “This property offers great flexibility and will suit a wide variety of occupiers. Substantial overhead cranage, which is complemented by eaves heights of more than 6 metres, makes the subjects particularly appropriate for manufacturing, engineering and fabrication uses.”
ASD Metals were represented by ES Group.