£12.000.000
Confirmation
Business park land holding
Property Details
Broker
Under offer
301,470 sq.ft.
28,007 m²Leasable area
39 £/sq.ft.
428 £/m²7.80 %
Freehold
Fees
Investment Overview
Comprising a diverse mix of industrial and multi-let areas, open storage, traditional stone buildings and developable sites throughout the Business Park. The park is fully let, with the exception of Mill & corresponding parking (19,375 sq ft), to a diverse range of strong tenants. Following various lease regears a large proportion of the tenants have been on site for over 10 years. Opportunistic income profile with a WAULT of 2.31 years to expiries and 2.04 years to breaks. A substantial land holding of 17.5 Acres. Total marketing rent of £994,858 per annum from a total let area of 301,470 sq ft of covered space, yard space and concrete yard rentals, reflecting a low £3.30 per sq ft.
Interested? Here are the next steps to get more
information and to proceed with our automated deal flow.