Let to a range of occupiers including Fedex UK Limited and Samworth Brothers Ltd
Currently producing a rental of £93,000 pax with scope to increase to £108,000 pax
Reflecting a net initial yield of 7.03% reversionary to 8.17%
Asking price £1,250,000
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The subject property is on the eastern side of Quarry Crescent on a site elevated above the land to the west and south. Neighbouring units are in a range of storage, manufacturing and service uses.
The property comprises a site extending to 1.13 acres (49,440 sq ft) which provides 5 warehouse units with shared yard, access road and communal parking area. Of the five units, three are occupied by FedEx on a formal lease agreement, one is let to Samworth Brothers Ltd. On a temporary agreement and the final one is occupied by Active 8 gym.
The main industrial buildings are assumed to have been built in the early 1990's of steel portal frame construction with insulated metal sheet elevations, pitched roof, internal block walling to 2m on two elevations and a solid concrete floor.
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