Rare opportunity to acquire a reversionary multi-let estate located in Doncaster, South Yorkshire. Total floor area of 57,943 sq ft GIA. The estate comprises 12 units with unit sizes from 2,226 sq ft to 13,664 sq ft and a separate yard of 0.165 acres. The estate is fully let to 11 tenants including national occupiers Screwfix, Toolstation and Arco. Attractive WAULT to expiry of 4.8 years and WAULT to break of 2.3 years. Total passing rent of £605,170 per annum reflecting a low average rent of £10.44 per sq ft. Planning permission exists for the development of three commercial units for uses B1/B2/B8/A3 on excess land. Approximately 86% of the income is secured to businesses representing a low or low-moderate risk of business failure. 4.36 acre site (1.76 hectares), providing a low site cover of c. 31%.
Additional Information
Sales process
Offers are sought in excess of £9,455,000 (Nine Million, Four Hundred & Fifty Five Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect:
Net Initial Yield: 6.00% Reversionary Yield: 6.77% Capital Value: £163 per sq ft
Overview of the tenants
The majority of the tenants are well ensconced and have traded from the estate for over 15 years including Toolstation, Plumco, Arco and Screwfix.
Other relevant information
A service charge is run for the estate, which for the year ending 31/12/2025 the budget is £49,605 (£0.85 psf).
