Grange Road Industrial Estate, DN14 6BZ
£1,300,000.00
Ref No. JLLATC71975
Investment

Location Grange Road Industrial Estate, DN14 6BZ, East Riding of Yorkshire, Europe

Size 10000.00 ft2
(929.00 m2)

Description 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.

Long Leasehold

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%.

Property Type Industrial/logistics

Rent £6.99 Per ft²

Initial Yield 6.50%

Property Contacts:

  • Richard Gale
    +44 (0)20 3805 6918
  • Oli Wilson +44 (0)20 3805 6925
  • Mathew Atkinson +44 (0)113 261 6246
Property Location:



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a. the particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
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