DOCSLIB.ORG

Hotel & Office Investment Opportunity

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Hotel & Office Investment Opportunity Hotel & Office Investment Opportunity 1-3 Parklands Avenue I Eurocentral Business Park I Motherwell I Glasgow I ML1 4WQ Investment Summary • Well located hotel and office investment adjacent to A8/M8 main Glasgow and Edinburgh motorway • The hotel element is let in its entirety to Dakota Eurocentral Ltd until April 2031 • Current income of £773,055 per annum. Rent reviewed 5 yearly to RPI, collared and capped at 1.5% and 2.5% • Asset management and future development opportunities • Offers are invited. Eurocentral Eurocentral lies in North Lanarkshire where the largest towns are Motherwell, Cumbernauld, Coatbridge / Airdrie and Hamilton. Some 800,000 people live within the travel to work area; Eurocentral’s catchment for labour within 1 hour is over 3 million. Some 68% of the population in the area are of working age, higher than the Scottish average, and 31.9% of these are under 30 years old. The third largest pool of student labour in Britain is present in North Lanarkshire with over 52,000 undergraduates attending 4 university institutions within the catchment. The main employer is the private service sector at some 48.3%, and a further 14.1% of the catchment workforce works in financial services. The Lanarkshire Enterprise Zone, of which Eurocentral was originally part, expired in February 2003, however, “Golden Contracts” have been created preserving 100% capital allowance benefits. As a result, financial / incentive packages were preserved on selected areas. Location Eurocentral is located approximately 15 miles east of Glasgow and 35 miles west of Edinburgh. The subjects are located immediately adjacent to and overlook the A8/M8 main Glasgow to Edinburgh road. The Eurocentral ‘diamond’ interchange provides immediate access to and from the motorway and 3 miles west lies the M73 / M74 Baillieston Interchange linking the M8, M74 (M6) and M73 motorways. Both Glasgow and Edinburgh International Airports are within 30 miles from Eurocentral and the airfreight terminal at Prestwick is within 45 miles. Furthermore, Eurocentral is also the location of Scotland’s first Eurofreight Terminal providing rail services throughout the UK and Europe. Situation The subject property is situated adjacent to Maxim Office Park which provides 750,000 sq ft of office accommodation. The property is located to the north western section of Eurocentral and is accessed via the roundabout at Townhead Avenue directly off Technology Avenue. The office and hotel site extends to hectares (acres). Description The subject property comprises two buildings; the larger being a six storey hotel which is adjoined to a three storey office building. Both properties were constructed in 2006. Office The office building is of steel frame construction and is arranged over ground, first and second floors under a single pitched aluminium roof. The accommodation is open plan in nature and each floor is formed in an L shape. Internally the subject benefits from the following specification: • Raised access floors • Suspended ceiling • Air conditioning • Fluorescent tube lighting • x2 passenger lifts each for a total of 13 people The office benefits from 180 car parking spaces, including 10 disabled spaces. Hotel The property is a 92 bedroom hotel and is of steel frame construction, finished externally with a mixture of black and granite cladding and curtain walling. A glazed finish single storey link provides a connection between the hotel and office building. The hotel is arranged over ground and five upper levels which are access via two 13 person lifts. Internally the ground floor area comprises a main reception, an open plan lounge with access to the bar and grill restaurant. In addition to this there is a small gymnasium, three meeting rooms and a fully serviced commercial kitchen. The internal décor is in keeping with the Dakota standard fit-out and includes; exposed brick walls, visible steel air ducts and a variety of leather and velvet furniture finishes. The hotel provides 90 double and twin rooms and 2 junior suites which are located on the fifth floor. The hotel benefits from 120 car parking spaces, including 8 disabled spaces. Tenure Offers invited for: 1) Heritable (freehold) interest. 2) Newly created 175 year long ground lease at a peppercorn rent. Accommodation Office The subjects have been measured in accordance with the Code of Measuring Practice (6th Edition). The net internal floor area is shown below: Area (NIA) Accommodation sq m sq ft Ground Floor 1,083 11,658 First Floor 1,137 12,248 Second Floor 1,168 12,578 Total 3,389 36,485 Hotel The subjects have been measured in accordance with the Code of Measuring Practice (6th Edition). We calculate the gross internal floor area extends to 4,726 sq m (50,865 sq ft). Tenancy The Hotel is let to Dakota Eurocentral Limited for 26 years from 5 April 2005 until 4 April 2031. The current rent passing is £773,055 per annum, which equates to £7,500 per room. The rent is reviewed 5 yearly to RPI which is collared and capped at 1.5% and 2.5%. The offices are currently vacant. Company Information Fiscal Non consolidated Fiscal Non consolidated Fiscal Non consolidated GBP 31 Dec 2010 GBP 31 Dec 2009 GBP 31 Aug 2009 Tangible Net Worth (435,300) (287,837) (238,324) Net Current Assets (Liabilities) 525,591 1,907,806 1,924,394 Source: Dun & Bradstreet 2012 Dakota Eurocentral Limited have a Dun & Bradstreet rating of N2, with a Risk of Business Failure as ‘Lower than Average’. Investment Considerations & Asset Management · Good location fronting the M8 Glasgow to Edinburgh motorway · Letting of the vacant offices to enhance yield · Alternatively extend the hotel and develop into the vacant offices Proposal We have been instructed to seek offers for our clients interest, on the following basis: 1) Heritable (freehold) interest. 2) Newly created 175 year long ground lease at a peppercorn rent. Further Information Simon Cusiter Oliver Abram Keith McBain +44 (0)131 243 2203 +44 (0)131 225 4221 +44 (0)141 567 6684 +44 (0)7815 135 222 +44 (0)7817 908 944 +44 (0)7855 808 964 [email protected] [email protected] [email protected] © Crown Copyright 2012. All rights reserved. Promap licence number 100020449. Jones Lang LaSalle licence number 100017659. This plan is published for the convenience of identification only and although believed to be correct is not guaranteed and it does not form any part of any contract. Misrepresentations Act 1967 & Declaration Jones Lang LaSalle for themselves and for the vendors of this property whose agents they are give notice that: a) the particulars are set out as general outline only for the guidance of intending purchasers and do not constitute, nor constitute part of, an offer or contract; b) all descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact but should satisfy 0131 225 8344 themselves by inspection or otherwise as to the correctness of each of them; c) no person in the employment of Jones Lang LaSalle has any authority to make or give any representation or warranty whatever in relation to this property. January 2012..
Load more

Recommended publications
  • TORRANCE PARK, HOLYTOWN, ML1 5RU Units Available - 750 to 4,000 Sq.Ft Including 1,800Sq.Ft Drive-Thru
    AVAILABLE SPRING 2022 M8 EUROCENTRAL THE SITE HOLYTOWN A723 NEW HOUSING TORRANCE PARK, HOLYTOWN, ML1 5RU Units available - 750 to 4,000 sq.ft including 1,800sq.ft drive-thru NEIGHBOURHOOD RETAIL CENTRE - EXTENDING TO 13,000 SQ FT LOCATED OFF A723 TO MOTHERWELL - OVER 10,500 VEHICLES PASS DAILY OVER 900 HOMES PROPOSED - PHASES 1 & 2 COMPLETE LOCATION The proposed retail centre enjoys a prominent location on the A723, at the entrance to Torrance park, a new residential district, which on completion will comprise over 900 homes. The A723 is a busy arterial route linking Motherwell, Carfin and Holytown to junction 6A of the M8 Motorway. Eurocentral and Newhouse Industrial Estate are located close by to the North of the site. STIRLING M9 M80 DUNFERMLINE FALKIRKSTIRLING M90 M80 FIRTH OF FORTH DUNFERMLINE CUMBERNAULD M90 M9J4 M80 M9 M73 COATBRIDGE LINLITHGOW M8 M80 EDINBURGH M8 FIRTH OF FORTH GLASGOW J7 M77 J6 LIVINGSTON FALKIRK M74 MOTHERWELL J4 EAST KILBRIDE M9 M80 LINLITHGOW CUMBERNAULD EDINBURGH M80 LIVINGSTON M73 COATBRIDGE M8 M8 GLASGOW J7 M77 J6 Masterplan provided by EMA Architects & Masterplanners M74 MOTHERWELL EAST KILBRIDE PAGE 2 LAYOUT PLAN Accommodation schedule UNIT TENANT SIZE(Sq.M) SIZE(Sq.FT) 1 Under Oer 372 4,000 2 To Let 116 1,250 3 To Let 139 1,500 4 To Let 116 1,250 5 To Let 116 1,250 6 To Let 111 1,200 7 To Let 60 750 Drive Thru To Let 167 1,800 TOTAL 1,197 13,000 Under Oer PAGE 3 DEVELOPER Travelodge Edinburgh Crucible Developments are a property development and asset management company based in Ayr, Scotland.
    [Show full text]
  • 225000 Sqft JUNCTION 7 M8
    build to suit ON THE INSTRUCTIONS OF TULCHAN DEVELOPMENTS LTD OPPORTUNITIES 42,500 – 225,000 sqft Eurocentral | North Lanarkshire | ML1 4XZ JUNCTION 7 M8 WWW.ORCHARDPARK-EUROCENTRAL.CO.UK Orchard Park | Eurocentral | North Lanarkshire | Junction 7 M8 | ML1 4XZ strategically located to maximise infrastructure ABERDEEN EDINBURGH Glasgow MANCHESTER BIRMINGHAM 146 miles 31 miles 11 miles 208 miles 284 miles 3 hours 31 minutes 14 minutes 3.14 hours 4.17 hours J7 M8 Port of Leith Edinburgh Airport Orchard Park Glasgow Airport Greenock Port 45 mins 30 mins 30 mins 45 mins | 2 A90 A85 A85 Perth 11 A82 Orchard Park Eurocentral North Lanarkshire Junction 7 M89 ML1 4XZ A92 A91 | | | | St Andrews A84 A9 A91 Glenrothes 6 11 A82 A91 5 10 A92 premier distribution hub 4 Kirkcaldy A811 Stirling M90 Close to 806,000 9 Dunfermline A985 3 Dalgety Bay 3 people live within M80 7 2 North Berwick for central Scotland 1 Falkirk Helensburgh commuting distance 5 4 M9 Dumbarton 4 A80 Dunoon Greenock A73 1 31 1 EDINBURGH M8 1 3 2 A1 30 3 M80 A720 M73 M8 Livingston A78 26 29 27 Airdrie 4 24 5 A68 Haddington 1 7 6 A71 Paisley A725 Both Glasgow 3 GLASGOW Largs 5 A702 Location and Edinburgh 4 A71 6 A73 Hamilton A703 A726 A7 International Airports East Kilbride Carluke Eurocentral is the premier distribution hub for A737 8 A697 central Scotland located 11 miles to the east of can be reached M74 A721 Ardrossan Lanark Glasgow and 31 miles west of Edinburgh. within 30 minutes. A77 Kilmarnock Galashiels Irvine Peebles It has a dedicated interchange (Junction 7) of the M8 motorway, the main central motorway linking Glasgow (11 miles), M8/M74/M73 & M80 east to west and lies 4 miles east of the Baillieston A8 Eurocentral Junction 7 Interchange, linking the M8, M74(M6) and M73 Baillieston motorways.
    [Show full text]
  • Monklands Independent Review Report
    An independent review of the process followed by NHS Lanarkshire Monklands Replacement/Refurbishment Project (MRRP) Report of the Independent Review Panel June 2019 Contents 1. INTRODUCTION .................................................................................................................... 5 1.1. Monklands District General Hospital: Background ........................................................ 5 1.2. The Need for Replacement/Refurbishment of the Monklands Hospital ........................ 5 1.3. NHS Lanarkshire ‘Monklands Replacement/Review Project’ (MRRP) ............................ 5 1.4. Call for Independent Review ......................................................................................... 6 2. LAY SUMMARY .................................................................................................................... 7 3. EXECUTIVE SUMMARY ......................................................................................................... 9 3.1. Recommendations for action (1): MRRP Team ............................................................ 10 3.2. Recommendations (2): General Guidance ................................................................... 11 4. PROCESS FOLLOWED BY THE INDEPENDENT REVIEW PANEL AND GUIDANCE USED ............ 14 4.1. Remit of the Independent Review .............................................................................. 14 4.2. Summary of the Independent Review Panels Process ................................................. 14 4.3. Relevant Guidance
    [Show full text]
  • CONTACT LIST.Xlsx
    Valuation Appeal Hearing: 27th May 2020 Contact list Property ID ST A Street Locality Description Appealed NAV Appealed RV Agent Name Appellant Name Contact Contact Number No. 24 HILL STREET CALDERCRUIX SELF CATERING UNIT £1,400 £1,400 DEIRDRE ALLISON DAVID MUNRO 01698 476054 56 WEST BENHAR ROAD HARTHILL HALL £18,000 £18,000 EASTFIELD COMMUNITY ACTION GROUP DAVID MUNRO 01698 476054 BUILDING 1 CENTRUM PARK 5 HAGMILL ROAD COATBRIDGE WORKSHOP £44,000 £44,000 FULMAR PROPERTIES LTD DAVID MUNRO 01698 476054 BUILDING 2 CENTRUM PARK 5 HAGMILL ROAD COATBRIDGE STORE £80,500 £80,500 FULMAR PROPERTIES LTD DAVID MUNRO 01698 476054 BLDG 4 PART CENTRUM PARK 5 HAGMILL ROAD COATBRIDGE OFFICE £41,750 £41,750 FULMAR PROPERTIES LTD DAVID MUNRO 01698 476054 5 HAGMILL ROAD COATBRIDGE OFFICE £24,000 £24,000 FULMAR PROPERTIES LTD DAVID MUNRO 01698 476054 BUILDING 7 CENTRUM PARK 5 HAGMILL ROAD COATBRIDGE WORKSHOP £8,700 £8,700 FULMAR PROPERTIES LTD DAVID MUNRO 01698 476054 1 GREENHILL COUNTRY ESTATE GREENHILL HOUSE GOLF DRIVING RANGE £5,400 £5,400 GREENHILL GOLF CO CHRISTINE MAXWELL 01698 476053 CLIFTONHILL SERVICE STN 231 MAIN STREET COATBRIDGE SERVICE STATION £41,000 £41,000 GROVE GARAGES INVESTMENTS LIMITED ROBERT KNOX 01698 476072 UNIT B3 1 REEMA ROAD BELLSHILL OFFICE £17,900 £17,900 IN-SITE PROPERTY SOLUTIONS LIMITED DAVID MUNRO 01698 476054 UNIT B2 1 REEMA ROAD BELLSHILL OFFICE £18,600 £18,600 IN-SITE PROPERTY SOLUTIONS LIMITED DAVID MUNRO 01698 476054 2509 01 & 2509 02 42 CUMBERNAULD ROAD STEPPS ADVERTISING STATION £3,600 £3,600 J C DECAUX CHRISTINE MAXWELL
    [Show full text]
  • Main Issues Report Report on Responses and Site Options Consultation
    North Lanarkshire LOCAL DEVELOPMENT PLAN Main Issues Report Report on Responses and Site Options Consultation Contents 1 Executive summary 4 2 Background 2.1 Development Plans 5 2.2 North Lanarkshire Local development Plan 5 2.3 Purpose of the Main Issues Report 5 3 Main Issues Report 3.1 Contents of the report 6 3.2 Issues identified 7 3.3 Aim and Approach issues 8 3.4 Strategic Policy issues 9 3.5 Thematic Policy issues 10 3.6 Options and alternatives 11 4 Responses to Issues 4.1 Analysis of Main Issues Report responses 13 5 Identifying sites 5.1 Site assessment activities 21 5.2 Applying the issues responses and assessment methodology 23 5.3 Sites approved January 2016 26 5.4 Urban boundary review and minor inner urban area sites March 2016 28 5.5 All potential development schedules 31 6 Next steps 6.1 Consultation 45 6.2 Proposed Plan 45 6.3 Examination and Adoption 45 7 Appendices 7.1 Call for Sites criteria and parameters 46 7.2 Site Sustainability and Deliverability Matrix 47 7.3 October 2015 draft site selection process 52 7.4 December 2015 site selection process amendments 54 7.5 January 2016 site selections 55 7.6 March 2016 urban boundary review and minor inner urban area sites 68 Page 3 of 84 1 Executive summary 1.1 The North Lanarkshire Local Plan is being 1.5 The Report on Responses and Site Options 1.8 Once the Council has considered replaced by a Local Development Plan. is accompanied by a Draft Environmental representations it will publish a Proposed Report fulfilling the Strategic Environmental Plan during 2016 addressing the spatial 1.2 The Local Development Plan will be a land Assessment requirements of the Main implications of economic, social and use strategy for North Lanarkshire that: Issues Report stage of producing the Local environmental change for North Development Plan.
    [Show full text]
  • Cisco Trilogy Business Park 11 Woodhall Eurocentral ML1 4YT
    Cisco Trilogy Business Park 11 Woodhall Eurocentral ML1 4YT ο From Glasgow Follow M8 motorway Eastbound towards Edinburgh and Carlisle M8 merges into A8 continuing towards Edinburgh At Eurocentral Interchange branch left, then at roundabout take the 2nd exit (signposted Eurocentral) At roundabout take 2nd exit onto Townhead Avenue, at next roundabout take 2nd exit remaining on Townhead Avenue At roundabout take 1st exit onto McNeil Drive, at next roundabout take 2nd exit remaining on McNeil Drive. At the next roundabout turn left into Woodhall, go straight over a mini roundabout and you’ll then come in Trilogy Business Park. Cisco is located on the left hand side ο From Edinburgh Take M8 from Edinburgh towards Glasgow At Eurocentral Interchange branch left, then at roundabout take 2nd exit onto Townhead Avenue, at next roundabout take 2nd exit remaining on Townhead Avenue At roundabout take 1st exit onto McNeil Drive, at next roundabout take 2nd exit remaining on McNeil Drive. At the next roundabout turn left into Woodhall, go straight over a mini roundabout and you’ll then come in Trilogy Business Park. Cisco is located on the left hand side ο From the South Follow M6 Northbound Then M74 Northbound towards Carlisle Follow M74 all the way North following signs for M8/M80 Glasgow and Stirling Take A725 exit for Hamilton, East Kilbride and Bellshill Keep to the outside lane on the slip off the M74 and follow right round the roundabout until 3rd exit off taking you on to the A725 towards Bellshill (A8 Edinburgh) Follow A725 towards Edinburgh At Eurocentral Interchange branch left, then at roundabout take the 2nd exit (signposted Eurocentral) At roundabout take 2nd exit onto Townhead Avenue, at next roundabout take 2nd exit remaining on Townhead Avenue At roundabout take 1st exit onto McNeil Drive, at next roundabout take 2nd exit remaining on McNeil Drive.
    [Show full text]
  • Credit Balance Report
    Year Credit Ratepayer Property Address 1 Property Address 2 Property Address 3 Property Address 4 Property Address 5 Postcode Reference 2016 -£4.61 Abr Properties Wishaw Limited 1 Young Street Wishaw ML2 8HJ N003118 2017 -£127.67 Acumen Steel Processing Ltd Unit 20, 17 & 20 Flemington Ind Park 1 Robberhall Road Motherwell ML1 N013069 2017 -£20.71 Acumen Steel Processing Ltd Unit 14a Flemington Ind Park 1 Robberhall Road Motherwell ML1 N015144 2017 -£408.57 Alwyd Ltd 155 Glencraig Street Airdrie ML6 9AS N006758 2018 -£835.99 Alwyd Ltd 155 Glencraig Street Airdrie ML6 9AS N006758 2018 -£3.78 Amg Transport Group Limited Unit 3 1 Carlisle Road Chapelhall Airdrie ML6 8RN 169313 2018 -£0.25 Amg Transport Group Limited Unit 4 1 Carlisle Road Chapelhall Airdrie ML6 8RN 169314 2016 -£670.30 Andrew Wallace Properties Ltd 19-21 19 Stirling Street Airdrie ML6 0AH 161284 2017 -£2,908.51 Anglo Scandinavian Estates 7 LLP 50 Deerdykes View Cumbernauld G68 9HN N014240 2017 -£221.19 Anglo Scandinavian Estates 7 LLP Unit 9 9 Badenheath Place Cumbernauld G68 9HX N012444 2016 -£1,249.78 Arran Aromatics Limited 2nd Floor Left 2 Parklands Avenue Eurocentral Holytown ML1 4WQ 166798 2017 -£455.79 Arran Aromatics Limited 2nd Floor Left 2 Parklands Avenue Eurocentral Holytown ML1 4WQ 166798 2016 -£318.35 Ashtenne Investments (scotland) Ltd Unit 1 Block 7 7 Chapelhall Industrial Estate Chapelhall Airdrie ML6 8QH N003586 2018 -£746.28 Asset Collections & Investigations Limit Rm 49 Grovewood Bus Centre 1 Wren Court Strathclyde Business Park Bellshill ML4 3NQ N002548
    [Show full text]
  • Gva.Co.Uk/9181 Gva.Co.Uk/9181
    GVA James Barr Prime single let distribution investment Scottish Power 25 Coddington Cresent, Eurocentral, North Lanarkshire, ML1 4YF gva.co.uk/9181 gva.co.uk/9181 Investment Summary • Single let industrial asset in Scotland’s premier distribution location • Located just 15 miles east of Glasgow and 35 miles West of Edinburgh • Modern purpose built storage and distribution facility extending to 12,841.66 sq m (138,231 sq ft) • Let to Scottish Power UK Plc until 14 May 2022 (6.6 years remaining) • 5A1 tenant covenant • Low passing rent of £660,000 p.a. exclusive (only £4.77 per sq ft) • Rent review in May 2017 • Warehouse space currently sub-let to Norbert Dentressangle • Offers in excess of £8.50m exclusive • Net Initial Yield of 7.31% • Attractive capital rate of only £61.49 per sq ft 25 Coddington Cresent, Eurocentral, North Lanarkshire, ML1 4YF gva.co.uk/9181 16 13 14 15 25 Coddington Crescent 17 12 11 10 18 9 19 7 8 20 23 5 21 4 6 3 1 22 2 M8 Eurocentral interchange Edinburgh - 35 miles Glasgow - 15 miles 1. Dakota Hotel 6. Mentholatum 11. Wincanton 16. TDG/Argos 21. Lagta Group 2. Maxim Office Park 7. Sheffield Insulation 12. Hovis 17. DB Schenker (Euro Rail Terminal) 22. News Printers 3. Wincanton 8. Headlam 13. City Link 18. Fedex 23. Morrisions 4. ACS 9. Wincanton 14. Lathams 19. Mersen 5. Trac 10. Lightbody 15. Eddie Stobbart 20. Consarc25 Coddington Cresent, Eurocentral, North Lanarkshire, ML1 4YF gva.co.uk/9181 Location M90 Eurocentral is a premier distribution location in North Lanarkshire.
    [Show full text]
  • NORTH LANARKSHIRE LOCAL DEVELOPMENT PLAN Proposed Plan Policy Document
    NORTH LANARKSHIRE LOCAL DEVELOPMENT PLAN Proposed Plan Policy Document FOREWORD The Local Development Plan sets out the Policies and Proposals to achieve North Lanarkshire’s development needs over the next 5-10 years. North Lanarkshire is already a successful place, making This Local Development Plan has policies identifying a significant contribution to the economy of Scotland the development sites we need for economic growth, but we want to make it even more successful through sites we need to protect and enhance and has a more providing opportunities to deliver new housing for our focussed policy structure which sets out a clear vision for growing population, creating a climate where businesses North Lanarkshire as a PLACE with policies ensuring the can grow and locate and where opportunities for leisure development of sites is appropriate in scale and character and tourism are enhanced. and will benefit our communities and safeguard our environment. We will ensure that the right development happens in the right places, in a way that balances supply and demand We will work with our partners and communities to for land uses, helps places have the infrastructure they deliver this Plan and a more successful future for need without compromising the environment that North Lanarkshire. defines them and makes North Lanarkshire a distinctive and successful place where people want to live, work, visit and invest. Councillor James Coyle Convener of Planning and Transportation Local Development Plan Policy 3 Executive summary The North Lanarkshire Local Development Plan is the land use planning strategy for North Lanarkshire. A strategy is a plan of action designed to achieve a long-term or overall aim.
    [Show full text]
  • M8 Baillieston to Newhouse Environmental
    id26407411 pdfMachine by Broadgun Software - a great PDF writer! - a great PDF creator! - http://www.pdfmachine.com http://www.broadgun.com M8 Baillieston to Newhouse Environmental Statement Non-Technical Summary Updated 2007 M8 Baillieston to Newhouse Non-Technical Summary Introduction In 2003 Scottish Ministers announced that as part of their commitment to complete the Central Scotland Motorway network, the A8 dual carriageway between Baillieston and Newhouse would be upgraded to motorway standard. An Environmental Impact Assessment was completed on the proposed motorway scheme and the findings were set out in an Environmental Statement published in March 2006. The scheme subsequently underwent some minor amendment, and the Environmental Statement has now been updated and republished, taking these amendments into account. This Non-Technical Summary sets out the key findings of the Updated 2007 Environmental Statement. Background to the Scheme The 10 km section of the A8 trunk road between Baillieston and Newhouse forms part of the main Trunk Road network connecting Edinburgh and Glasgow. The A8 Corridor between Baillieston and Newhouse is: a key section of the trunk road network; a principal route for freight; an inter-urban connection between Central Scotland towns and Edinburgh and Glasgow business centres; an intra-regional distributor between population and employment centres within North Lanarkshire. The combination of roles results in high levels of local, regional and long distance traffic using roads which fall significantly below suitable standards. The Need for the Scheme Even with the completion of the major maintenance commission in 2004 this section of the trunk road network suffers from traffic congestion, and all types of road user share the road.
    [Show full text]
  • Further Information A724 Motherwell Wishaw A725 A726 A77 Hamilton A72 East Kilbride
    G Eurocentral Junction (14) LASGOW (11 mile s) M8, M 74, M73 & A80 M8 ED INBU RGH (31 mile Dakota Hotel s) & M8 The M73 / M74 / M8 interchange is just 3 miles Rail Connections P a rk la n News ds away, giving quick and easy access to Glasgow Eurocentral is served by the Greater Glasgow A ve International nue Amenity/ e u Retail Hub (15 minutes drive) and Edinburgh (40 minutes Rail Network, linking Glasgow with Lanarkshire n y a Pa e rklan v W ds A Ave s nue d d drive). SatNav co-ordinates: 055° 50’ 08.20”, - with regular services to stations close to a n a e l k h r n a P w 003° 58’ 59.04” (55.835611, -3.983067). Eurocentral. The following table highlights the LAGTA o T Place w proximity of Eurocentral to a number of ha ns Re The Eurocentral 'diamond' interchange provides mainline stations: immediate access to and from the motorway, and Bus Stop 3 miles west lies Baillieston Interchange linking Holytown 1.5 miles Morrisons D ovec ot R oad the M8, M74 (M6) and M73 motorways. Both Coatbridge 4.3 miles e Glasgow and Edinburgh International Airports Bellshill 4.4 miles McNeil Driv can be reached within 30 minutes from Motherwell 5.7 miles McNeil Drive C Eurocentral and the air freight terminal at Hamilton 8.3 miles o d d in g t Prestwick airport is within a 1 hour drive. on C nt re Cresce sc ington ent Codd Drive Times Bus Connections T o w B Town Miles Times The First Edinburgh, Glasgow to Livingston Glasgow 11 14 mins services X15 and X15A provide a regular service Edinburgh 31 31 mins to Eurocentral with stops in Townhead Avenue.
    [Show full text]
  • Eurocentraleurocentral, Junction 7 M8
    SCOTLAND’S PREMIER LOGISTICS LOCATION FOR SALE Eurocentral,EUROCENTRAL Junction 7 M8 J7 < EDINBURGH M8 GLASGOW > EUROCENTRAL Carnbroe East, Eurocentral, M8 LOCATION City Distance Drive Time Eurocentral is one of the largest distribution hubs Glasgow 11 miles 14 minutes in Scotland. Located in North Lanarkshire, the park Glasgow Airport 22 miles 22 minutes is prominently located on the junction on the A8/M8 motorways providing direct access west to Glasgow Edinburgh Airport 28 miles 39 minutes and east to Edinburgh. Access is also provided Port of Grangemouth 29 miles 44 minutes to the M73 (M80) north and M74 (M6) motorways south via the Baillieston Interchange 3 miles east. Edinburgh 31 miles 31 minutes In addition to the extensive vehicular connections, Port of Rosyth 36 miles 45 minutes the park is served by local connections to the Greater Glasgow Railway Network and is host to the first Channel Port of Greenock 36 miles 48 minutes Tunnel rail freight terminal in Scotland, operated by DB Schenker. Aberdeen 146 miles 3 hours The park benefits from extensive amenities to include; Inverness 176 miles 3 hours 45 minutes hotel and restaurant facilities at the Dakota Hotel, The Berits and Brown Delicatessen, and childcare services at The Pavilion Nursery. Manchester 209 miles 3 hours 45 minutes Lidl have recently acquired a 50 acre development site Liverpool 220 miles 3 hours 45 minutes to house a 600,000 sq ft distribution centre and DPD are on site constructing a 70,000 sq ft sorting office. Existing Birmingham 288 miles 4 hours 45 minutes occupiers include; Amazon, DHL, News International, Sheffield Insulation Group, Scottish and Southern Energy, London 403 miles 7 hours Wincanton and XPO Logistics.
    [Show full text]