Objectomschrijving
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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Investeringskenmerken
- 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
Attributen
Vraagprijs
€ 769.000
Bruto gebouwoppervlakte
653 vierkante meter
Contact adviseurs
Unit 10, Plot 8 Enterprise Way (0 Eigendommen)
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Laatst bijgewerkt
23 mai 2024
