Unit 10, Plot 8 Enterprise Way_Property for Sale

Jubilee Business Park, Derby, Derbyshire, DE21 4BB, UK

Unit 10, Plot 8 Enterprise Way

Asset Description

A detached modern industrial unit of steel portal framed construction with brick and block elevations

surmounted by a pitched roof with part translucent panels.

Warehouse specification includes:

1 electric up and over roller shutter door
7m eaves height
Solid concrete floor with painted block elevations
Gas fired heating
LED lighting
Ground floor meeting room/office, canteen and changing facilities
First floor office accommodation with kitchenette
Ample car parking and yard area

As part of the tenant’s fitout, a tunnel has been constructed, connecting the unit to the adjacent property. This tunnel will be removed, and the unit reinstated to its prior condition, when the tenant vacates.

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Investment Highlights

Modern detached warehouse situated on the established Jubilee Business Park approximately 1.5 miles from Derby City Centre
Excellent transport links, being positioned immediately adjacent to the A61 providing access to the A38 and J25 of the M1 via the A52
Extends to a total of 7,269 sq ft across ground floor warehouse and ancillary first floor offices
Let to Hydratight Limited (guaranteed by Enerpac Holdings Limited) on a full repairing and insuring terms with 1.85 years to expiry
A highly reversionary passing rent of £54,250 per annum reflecting only £7.46 psf, with rents in the surrounding area in excess of £9.00 psf
Immediate asset management options, with the existing tenant actively seeking to surrender or assign the lease, offering a route to either vacant possession or a rental reversion with a new occupier
Freehold

Proposal

We are instructed to seek offers in excess of £650,000 subject to contract and exclusive of VAT .

A purchase at the level reflects an attractive net initial yield of 7.93%, assuming standard purchaser’s costs, and represents a low capital value of only £89.42 psf