CloudQitchens, East Kilbride

4B Rennie Place - Under Offer

£99,995, O.I.R.O.

8650 sq ft

bathrooms 3receptions 1

OVERVIEW

**360° Virtual Tour Available Via Above Link** 

A rare opportunity to purchase the leasehold of a 'Dark Kitchen' facility and business in East Kilbride is available through Bowman Rebecchi.

Based within an industrial estate, CloudQitchens is an impressive and professional food hub used for the preparation of food for consumption off-site in restaurants, bars, and for take-away. 

Created in 2021, the subjects have proven to be a popular location for food production, with this superb facility providing tenants with an ideal base to develop their food business.

CloudQitchens has helped businesses to reduce their property and labour costs as a result of tenancy and is an ideal trade-off for food delivery businesses that can be operational very quickly without having the expensive cost of fitting out to a unit.

There are very few 'Dark Kitchens' in Scotland, with this privately developed site offering a central location for businesses to trade from.

A unique opportunity, our client is inviting offers of £99,995 for the leasehold and goodwill of the business.

PROPERTY OVERVIEW

CloudQitchens provides 9 individual units to let, with the majority of tenants using the premises being restaurants and takeaways using the facility as a prep kitchen. There are also a small number of hot food proprietors who perform fast food delivery in the evening. 

Each kitchen is approximately 300 sq ft and provides 3-phase electricity, gas supply, extractor hood, internal sinks, hand wash facilities, inbuilt ventilation, inbuilt drainage, waste collection, and hygienic floors.

To the front of the property area a shared office and hot-desk facility, as well as a Board Room for meeting with clients and a waiting area. There is also a shared kitchen area for tenants and staff alongside male, female, and disabled toilet facilities

On the east side of the property is a 6m roller shutter and storage area, allowing for deliveries and the intake of raw materials. 

To the rear of the site are the 9 individual kitchens, as well as a second access for staff and a loading/waiting area for deliveries.

The site has access to 14 parking spaces during normal office hours with a further 10 available in the evening.

The facility is accessible 24 hours a day all year around, with the majority of the current tenants using it from 07:00 - 23:00 in line with local authority permissible hours. 

For further information regarding the site, please contact Bowman Rebecchi.

DARK KITCHENS

Dark kitchens (also known as cloud, ghost kitchens, virtual kitchens, and shadow kitchens) are not just your average cooking space with the lights turned off. Rather, they are places where food is prepared on premises to be delivered to consumers.

The premises are not open to the public, with orders generally coming in from websites and apps. This is why they are considered ‘dark’ – because they operate out of sight of customers, using technology to connect with their customers.

CURRENT OCCUPANCY

The business is currently 78% occupied, with 2 units available to let. The average rental is £12k per annum for each individual unit, with a mixture of short-term and longer-term tenants.

PROFITABILITY

The business runs at an approximate profitability of 30% on a turnover of c.£100k. This can be further improved if each individual kitchen is assigned its own rateable value and full occupancy.

CURRENT LEASE

The current lease has 8 years left, expiring in 2031 with an annual rental amount of £27,000. A copy of the lease is available upon request, with an extension to the current lease available for investors.

A CENTRAL LOCATION

The property is located on Rennie Place, within the College Milton industrial area. College Milton is East Kilbride’s most established industrial and commercial location, benefiting from easy access to the M77, as well as the A725 and M74.

OUTSTANDING CONNECTIVITY

East Kilbride benefits from strong connections to the road network, straddling the A726, the A725, the A749, and the B764.

Furthermore, the location has immediate access to the M73, M74, M77, and M8 motorways providing a large catchment area.

TOTAL SIZE

803 Square Meters - 8,650 Square Feet

SAT NAV DIRECTIONS

The postcode for the property is G74 5HD.

PLANNING

Planning consent was granted by South Lanarkshire Council in Nov 2020 for a change of use from Class 4. 5. 6 to Sui Generis (P/20/1151).

TERMS

Rates - From the Assessor's website, we note the subjects are in the current Valuation Roll with a Rateable Value of £26,750. We would recommend having each kitchen have its own rateable value to support the lowering of this overhead.  

Entry - Early entry is available upon completion of missives. 

Price - Our client is seeking offers of £99.950 exclusive of VAT for their leasehold interest, on a sold-as-seen basis. This includes all fixtures, fittings, and internal equipment.

VAT - All prices, rents, premiums, etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction. There is no VAT on the purchase price.

Legal Costs - Each party is responsible for their own legal costs and the tenant shall be responsible for lease registration costs and land tax as standard.

For further information or to view, please contact Bowman Rebecchi.

FEATURES

  • Dark Kitchen Leasehold Opportunity
  • 9 x Individual Professional Kitchens
  • 3-Phase Electricity. Gas and Ventilation For Each Unit
  • 30% Profitability With Ability To Increase
  • Loading Bay and 6m+ Roller Shutter
  • Internal Storage Units
  • Shared Meeting Room and Office Facilities
  • On-Site Parking
  • Central Scotland Location
  • Great Transport Connections
Floorplan for CloudQitchens, East Kilbride
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