Lightbody of Hamilton - Industrial for sale in Hamilton

Established in 1885 and located at the site since the 1980’s, Lightbody is the UK’s largest supplier of celebration cakes to UK retailers and has a significant export business into Europe.. Lightbody makes branded cakes under licence for the likes of Disney, Mars, Universal and Thorntons, as well as making supermarkets’ own-label cakes, including a wide range of sweet snacks, slices and in-store bakery bites.. Lightbody produces 55 million products per annum and is the largest private employer in South Lanarkshire with around 900 staff on site.. Lightbody has invested heavily in the site with a combination of flexible, highly skilled manufacturing for celebration cakes as well as semi-automated small cake manufacture including robotics. In 2020 Lightbody also invested significantly to turn the entire site into a fully nut-free bakery, which caters for high demand particularly from children’s birthday cakes.. Strategically located in Hamilton, part of the Glasgow conurbation, with excellent links to the M74 which is the main route between Scotland and England and leads into the wider motorway network.. The property has a Gross Internal Area of 230,485 sq ft across three buildings.. The site totals around 12.52 acres with a site coverage of circa 38%.. A new 25 year lease to Lightbody of Hamilton Limited, with tenant only break options on the 10th, 15th, and 20th anniversaries.. Five yearly upwards only rent reviews to the higher of the open market rent or compounded CPI (1.0%-3.0% annual collar and cap), subject to an overall cap of 15.927%.. The initial rent will be £675,000 per annum equating to £2.93 psf.. Lightbody of Hamilton Limited represents an excellent tenant covenant with a turnover of £104.2 and a D&B rating of 2A2.. The lease will be guaranteed by Finsbury Food Group Limited who have a turnover of £452m and D&B rating of 5A1.. Heritable Interest (Scottish equivalent to English Freehold). OVERVIEW Highly successful and well established man