Let industrial investment
Hellaby, Rotherham, South Yorkshire, S66 8HR
Guide Price
£1,000,000
Residential Tags: N/A
Property Tags: N/A
Land Tags: N/A
Summary Details
- First Marketed: Mar 2022
- Removed: Date Not Available
- Residential Tags: N/A
- Property Tags: N/A
- Land Tags: N/A
HIGHLY REVERSIONARY INDUSTRIAL INVESTMENT FOR SALE
INVESTMENT SUMMARY
Reversionary single let industrial investment extending to 20,000 sq ft in an established industrial location with good road links to the M1, A1 and M18 motorways.
- Let to Parcelpass Limited on a 2 year FRI lease from April 2021 at £80,000 pax (£4 psf)
- Highly reversionary
- Established industrial / logistics area close to M18, A1 and M1 motorways
- ERV circa £100,000 (£5 per sq ft)
- Inviting offers in excess of £1,000,000
- Reflecting a low capital value of £50 psf and an attractive NIY of 7.57%
- Attractive reversionary yield of 9.46% based on the
- ERV of £100,000 pax
LOCATION
The property is well located on Hellaby Industrial Estate, Rotherham fronting Denby Way close to the main arterial route of Bawtry Road. The warehouse is superbly situated at the start of the Hellaby Industrial Estate, providing excellent prominence and access to J1 of the M18, which provides ready access to the A1 within a 10 minute drive and M1 motorway within a 5 minute drive.
Hellaby is a popular industrial estate with industrial and logistics occupiers looking to take advantage of the excellent road network.
The property is approximately 5 miles east of Rotherham and 12 miles east of Sheffield centre, Doncaster is also in easy reach to the North.
DESCRIPTION
Mid terraced single let industrial investment. Internally the unit provides open warehouse accommodation along with a small inbuilt office.
The unit benefits from two roller shutter doors which can be access from the rear of the property.
There is a secure yard area to the rear which has two access points from Denby Way.
The property has a max eaves height of 7.7m.
ACCOMODATION
Description Sq M Sq Ft
Warehouse 1,858.06 20,000
The unit sits on a site of 0.73 acres.
Lease Terms
? Term: 2 years from 19th April 2021
? Rent: £80,000 pax (£4 psf)
? Repairs: FRI
? Tenant: Parcelpass Transport Ltd (11279248)
TENANT
Pass Logistics provide transport, storage and logistics throughout the UK and Europe. relatively new but well regarded third party logistics company.
The company trades as 'Pass Logistics' and recently won the SME Business of the Year at the Doncaster Business Awards. They have contracts with the likes of Amazon, B&Q and the UK Government.
INVESTMENT PROPOSAL
Offers in excess of £1,000,000 (one million pounds) reflecting a low capital value of £50 psf and an attractive net initial yield of 7.57%
We consider the rent to be reversionary at lease expiry, with an ERV to be an achievable £5 per sq ft / £100,000 pax.
Providing a potential reversionary yield of 9.46% assuming a rent of £100,000 pax (£5 psf) at reversion.
This provides an excellent opportunity for an investor to generate a reversionary income and strengthen the tenant covenant at reversion.
ERV
Comparable evidence to support the ERV of £5 per sq ft can be provided upon request.
ERV
Comparable evidence to support the ERV of £5 per sq ft can be provided upon request.
TENURE
Freehold
EPC
Energy Performance Rating: TBC
ANTI MONEY LAUNDERING
The successful purchaser will be required to submit information to comply with Anti Money Laundering Regulations.
VAT
The sale is to be treated as a TOGC.
Viewings
Strictly by prior arrangement with the agent.
Marketed by: Fisher German, Doncaster
INVESTMENT SUMMARY
Reversionary single let industrial investment extending to 20,000 sq ft in an established industrial location with good road links to the M1, A1 and M18 motorways.
- Let to Parcelpass Limited on a 2 year FRI lease from April 2021 at £80,000 pax (£4 psf)
- Highly reversionary
- Established industrial / logistics area close to M18, A1 and M1 motorways
- ERV circa £100,000 (£5 per sq ft)
- Inviting offers in excess of £1,000,000
- Reflecting a low capital value of £50 psf and an attractive NIY of 7.57%
- Attractive reversionary yield of 9.46% based on the
- ERV of £100,000 pax
LOCATION
The property is well located on Hellaby Industrial Estate, Rotherham fronting Denby Way close to the main arterial route of Bawtry Road. The warehouse is superbly situated at the start of the Hellaby Industrial Estate, providing excellent prominence and access to J1 of the M18, which provides ready access to the A1 within a 10 minute drive and M1 motorway within a 5 minute drive.
Hellaby is a popular industrial estate with industrial and logistics occupiers looking to take advantage of the excellent road network.
The property is approximately 5 miles east of Rotherham and 12 miles east of Sheffield centre, Doncaster is also in easy reach to the North.
DESCRIPTION
Mid terraced single let industrial investment. Internally the unit provides open warehouse accommodation along with a small inbuilt office.
The unit benefits from two roller shutter doors which can be access from the rear of the property.
There is a secure yard area to the rear which has two access points from Denby Way.
The property has a max eaves height of 7.7m.
ACCOMODATION
Description Sq M Sq Ft
Warehouse 1,858.06 20,000
The unit sits on a site of 0.73 acres.
Lease Terms
? Term: 2 years from 19th April 2021
? Rent: £80,000 pax (£4 psf)
? Repairs: FRI
? Tenant: Parcelpass Transport Ltd (11279248)
TENANT
Pass Logistics provide transport, storage and logistics throughout the UK and Europe. relatively new but well regarded third party logistics company.
The company trades as 'Pass Logistics' and recently won the SME Business of the Year at the Doncaster Business Awards. They have contracts with the likes of Amazon, B&Q and the UK Government.
INVESTMENT PROPOSAL
Offers in excess of £1,000,000 (one million pounds) reflecting a low capital value of £50 psf and an attractive net initial yield of 7.57%
We consider the rent to be reversionary at lease expiry, with an ERV to be an achievable £5 per sq ft / £100,000 pax.
Providing a potential reversionary yield of 9.46% assuming a rent of £100,000 pax (£5 psf) at reversion.
This provides an excellent opportunity for an investor to generate a reversionary income and strengthen the tenant covenant at reversion.
ERV
Comparable evidence to support the ERV of £5 per sq ft can be provided upon request.
ERV
Comparable evidence to support the ERV of £5 per sq ft can be provided upon request.
TENURE
Freehold
EPC
Energy Performance Rating: TBC
ANTI MONEY LAUNDERING
The successful purchaser will be required to submit information to comply with Anti Money Laundering Regulations.
VAT
The sale is to be treated as a TOGC.
Viewings
Strictly by prior arrangement with the agent.
Marketed by: Fisher German, Doncaster
Land Registry Data
- No historical data found.