for sale petrol forecourt investment opportunity

4
PETROL FORECOURT, CAIRN LODGE SERVICES, CAIRN LODGE, DOUGLAS, ML11 0JU STRICTLY CONFIDENTIAL – STAFF UNAWARE CONTACT: Graham & Sibbald 18 Newton Place, GLASGOW, G3 7PY Tel: +44 (0)141 332 1194 Fax: +44 (0)141 332 5914 Email: [email protected] • CURRENTLY LET TO SHELL UK LIMITED • THREE YEARS REMAINING • TOTAL CURRENT RENTAL INCOME CIRCA £235,000 PER ANNUM. PETROLEUM & ROADSIDE SERVICES PROPERTY PARTICULARS FOR SALE PETROL FORECOURT INVESTMENT OPPORTUNITY

Upload: others

Post on 07-Feb-2022

3 views

Category:

Documents


0 download

TRANSCRIPT

PETROL FORECOURT, CAIRN LODGE SERVICES,

CAIRN LODGE, DOUGLAS, ML11 0JUSTRICTLY CONFIDENTIAL – STAFF UNAWARE

CONTACT:Graham & Sibbald18 Newton Place,GLASGOW,G3 7PY

Tel: +44 (0)141 332 1194 Fax: +44 (0)141 332 5914

Email: [email protected]

• CURRENTLY LET TO SHELL UK LIMITED

• THREE YEARS REMAINING

• TOTAL CURRENT RENTAL INCOME CIRCA £235,000 PER ANNUM.

PETROLEUM & ROADSIDE SERVICES PROPERTY PARTICULARS

FOR SALE

PETROL FORECOURT INVESTMENT OPPORTUNITY

PETROL FORECOURT INVESTMENT OPPORTUNITY

CAIRN LODGE, DOUGLAS

LOCATIONThe subjects are located within the Cairn Lodge MotorwayService area within the heart of South Lanarkshire, betweenJunctions 11 and 12 of the M74 motorway, approximately 35miles south of Glasgow city centre and 70 miles north ofCarlisle. The M74 forms the principal road connectionbetween Scotland and England and the premises benefit froma prominent position with ease of access off the motorway totraffic travelling in both directions.

DESCRIPTIONThe subjects comprise petrol forecourt premises containedwithin an established motorway service area. In addition tothe subject premises the motorway service area provides aprivately operated amenity building with restaurant, retail unitand toilet facilities and a substantial lorry park adjacent to thepetrol forecourt.

The forecourt area provides separate retail and HGVforecourts together with a shared forecourt shop. The retailforecourt is laid out on a domino 6 format whilst the HGVforecourt offers a 6 lane forecourt served by 3 duo high speeddispensers and 4 bunkered fuel dispensers. The forecourtshop is of modern single storey design with separateautomated door access to both the retail and HGV forecourts.

ACCOMMODATIONThe principal accommodation can be summarised as follows(NIA):-

Forecourt Shop 113.21sq.m Managers Office 9.53sq.mDisabled WC 3.59sq.mLadies WC 3.13sq.mGents WC 9.01sq.mStaff Room 8.38sq.mStores & Circulation 27.35sq.m

EQUIPMENTMotor fuel dispensing equipment to the retail forecourt is byGilbarco Veeder-Root, with 6 multi-product dispensersoffering pay at pump facilities whilst the HGV forecourt isserved by 6 Duo pumps and 1 Mono pump all by Tokheim.

We have been informed that the underground tank farmcomprises the following:-

Tank 1 38,800 litres UnleadedTank 2 38,800 litres UnleadedTank 3 19,400 litres Super UnleadedTank 4 19,400 litres Super UnleadedTank 5 38,800 litres DieselTank 6 38,800 litres DieselTank 7 58,200 litres DieselTank 6 38,800 litres Super Diesel

RATINGThe Forecourt and Service Area are entered in the currentValuation Roll with a Rateable Value of £250,000.

RENTThe rent receivable is based upon a fixed rental plus aturnover sum from the bunkering facility. The current total rentreceivable is approximately £235,000 per annum with nofurther reviews prior to lease expiry.

TENUREOur clients are disposing of their landlord’s interest. Thelease has approximately 3 years to run expiring in November2014. Further details can be provided to seriously interestedparties.

COVENANTShell UK Limited are part of the Shell Transport & Trading CoLtd, one of the major oil companies operating in the UK.

For the year to 31 December 2009, Shell UK Ltd posted aTurnover of £7,969,000,000 and a Tangible Net Worth of£2,166,000,000. Dun & Bradstreet have given the company aCredit Rating of 5A1.

TRADING INFORMATIONThe site is currently operated by Shell UK Limited, we havebeen provided with limited trading information which can bedisplayed to seriously interested parties.

PRICEOffers are invited for our client’s outright ownership interest.

VATUnless otherwise stated, all figures, prices etc are quotedexclusive of VAT.

PETROL FORECOURT INVESTMENT OPPORTUNITY

CAIRN LODGE, DOUGLAS

VIEWING/FURTHER INFORMATIONUnder no circumstances should interested parties makecontact with the staff.

For further information please contact Calum Campbell orGregor Brown of our Petroleum + Roadside Services Divisionon 0141 332 1194 or e-mail ([email protected] [email protected]) from whom further information can beobtained.

DATE OF PUBLICATION: June 2011

IMPORTANT NOTICEPlease read carefully1.These particulars are intended as guide only. Their accuracy is not warranted or guaranteed.Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves byinspection of the property. Photographs only show parts of the property which may have changedsince they were taken.2. Graham & Sibbald have no authority to give any representation other than these particulars inrelation to this property.Intending Purchasers/Tenants take the property as they find it.3. Graham & Sibbald are not authorised to enter into contracts relating to this property. Theseparticulars are not intended to nor shall they form part of any legally enforceable contract and anycontract shall only be entered into by way of an exchange of correspondence between our client’sSolicitors and Solicitors acting for the Purchaser/Tenants.4.All plans based upon Ordnance Survey maps are reproduced with the sanction of Controller ofHM Stationery.5.A list of Partners can be obtained from any of our offices.

• ABERDEEN

• DUNDEE

• DUNFERMLINE

• EDINBURGH

• FALKIRK

• GLASGOW

• HAMILTON

• INVERNESS

• KILMARNOCK

• KIRKCALDY

• PAISLEY

• PERTH

• STIRLING

• WEYBRIDGE

WITH OFFICES IN: