The property comprises a prominent detached warehouse and office premises, with large yard, expansion land (approx 5,000 sq ft) and car parking.
Offices are arranged over ground and first floor level, providing a mixture of open plan and cellular arrangements, plus meeting rooms and ancillary accommodation (canteens, WCs, etc). They are finished to a high standard and include LED lighting, alarm, and air-conditioning. The Tenant has additionally extended the offices (via a licence for alterations).
The main warehouse provides a large area of unencumbered production/warehousing space, with internal clearance ranging from approximately 6.7m. to 8.3m.
Loading is accessible to large articulated vehicles off a concreted service yard, with 2 full-height sectional loading doors.
Industrial investment. Prime location.
For Sale: £2,000,000 for the Freehold
Warehouse with expansion potential
Let to Smith Brothers Stores Ltd
5.4 % initial yield. 6.8% off ERV.
Low capital Value £114 psf
Passing rent £113,965 pa (£6.50 psf) ERV £8.25 psf.