Grange Road Industrial Estate, DN14 6BZ, East Riding of Yorkshire, Europe
Opportunity to acquire a modern, self-contained trade counter investment, located on the prominent Grange Road Industrial Estate.
Detached warehouse building comprising 10,000 sq ft (GIA)
Single let to MKM Building Supplies (Goole) Limited with a guarantee from MKM Building Supplies Ltd expiring in April 2028 at a headline rent of £89,608 p.a. equating to £6.99 per sq ft.
100% of the income is secured for a further 11.5 years to a covenant with a very low risk of business failure.
1.12 acre site, providing a very low site cover of 21%
We are instructed to seek offers in excess of £1,300,000 (One Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 6.50%, assuming purchaser’s costs of 5.99%.
£6.99 Per ft²