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Parsons Peebles, Wood Road, Rosyth Business Park, Rosyth, KY11 2EA
Guide Price* : £1,100,000
Well Let Industrial Investment
- Well Let Industrial Investment
- Annual rent of £170,000 pa . Reflecting an attractive NIY of 14.6% in relation to the Guide Price
- 3 buildings on 0.939 hectare (2.32 acre) site
- Let to Parsons Peebles Generation Limited
- Established Industrial Location
Description
The subject comprises a former foundry with 3 buildings on the 0.939 hectare (2.32 acre) site.
The main unit comprises a brick built, steel portal frame manufacturing unit known as building 131. This unit is primarily used for engineering with ancillary office and staff accommodation. There are two rooms at first floor level which are used as storage. The eaves height is 10.60m in the main warehouse and 4.75m in the interconnecting warehouse.
There are overhead cranes, with a 15 tonnes safe load capacity, within the main warehouse and the facility has one of the most comprehensive motor and generator test facilities in Europe, with direct full load testing and capacity at 50 and 60Hz up to 8MW/50 MVA for generators and voltages up to 15 kW.
To the west of the main building there is a detached storage unit known as building 149. This unit is of steel portal frame construction with brick walls. To the east of the main building is a detached, single storey office building known as building 1022.
Location
The subjects form part of the larger Rosyth Royal Dockyard with the main uses being naval shipbuilding, manufacturing and freight logistics.
The subjects are located on the north side of Wood Road, one of the main roads through the Dockyard. Nearby occupiers include Babcock and Fife College.
The property is situated within Rosyth Business Park on the north side of the Firth of Forth around 1.6km (1 mile) west of the M90 motorway. The M90/A90 provides access to the north including Dundee and Aberdeen and to the south via the new Queensferry Crossing to Edinburgh and the M8, the main route to Glasgow.
Inverkeithing Railway Station and Rosyth Railway Station are 5 minutes’ drive from the subjects and provide a link to Edinburgh, Glasgow, Aberdeen and Dundee via the national rail network.
The roll on/roll off ferry terminal is located at the waterfront immediately to the south. This terminal acts as a hub for European freight and provides links to Northern Europe and beyond.
Road: Edinburgh (15 Miles North West). Dunfermline (4 Miles South).
Ferry: Queensferry Crossing (1.8 Miles)
Air: Edinburgh International Airport (9.9 Miles)
Tenure
Freehold
Tenancy
The property is let to Parsons Peebles Generation Ltd. A new lease was agreed from 28th July 2018 expiring on 27th July 2033 with a tenant break option on 28th July 2028.
The current passing rent is £170,000 per annum (£3.98 psf). The rent is subject to 5 yearly open market rent reviews, the next review is 28th July 2023.
Parsons Peebles was founded over 100 years ago and are a rapid response, full scope supplier of electromechanical products and services globally. They operate from 11 sites across the UK and utilise a global sales network with which they offer new equipment, workshop services, site services and parts for motors & generators, pumps, gearboxes, compressors and other rotating machinery.
Parsons Peebles Generation Ltd is a subsidiary of Parsons Peebles Group Limited. Parsons Peebles ownership sits within Clyde Blowers Capital which is one of Scotland’s largest industrial investment managers with 8 global companies operating in the oil & gas, renewables, power, water, mining and minerals sectors.
Please see the legal pack for full details.
Planning Authority
Bidder Registration
For clarification, before being approved to bid, we require the following from all bidders, the documents must be certified by a solicitor who is a member of the law society and be sent from the certifiers e-mail to aarthy@574.co.uk:
• Certified copies of Government issued ID –provided by the certifying solicitor
• Proof of address from within the last three months – provided by the certifying solicitor
The certification must comply with HMRC requirements:
• a statement that the document is “Certified to be a true copy of the original seen by me” and where appropriate, “This is a true likeness of the person” from a person who is competent at document inspection and impostor detection, such as a person from a regulated industry or in a position of trust
• an official stamp of the person certifying and indication of professional status
• been signed and dated with a printed name
• the occupation and address or telephone number
If bidding as a company we will require confirmation of the company name and number and documentation from all persons with significant control.
VAT
We understand the property has been elected for VAT and that it is envisaged the sale will be dealt with as a TOGC
Accommodation
| Address | Accommodation | Sq M | Sq Ft |
|---|---|---|---|
| 131 | Warehouse | 3,389 | 36,484 |
| 149 | Storage | 301 | 3,238 |
| 1022 | Offices | 281 | 3,028 |
Contact
Vendor's solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Vendors Solicitor
Related Documents
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
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