Property photos
Just added
£2,250,000
(£74.26/sq. ft)
Property for sale
Units 1-8 Manby Road Industrial Estate, Immingham, North East Lincolnshire DN4030,300 sq. ft
Local area information
Property location
Nearby amenities
- The Canon Peter Hall CofE Primary School 0.5 miles
- Pilgrim Academy 0.5 miles
- Habrough 2.6 miles
- Stallingborough 2.7 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Immingham to find out more about the local area.
Features and description
- Industrial Investment yielding an income of £167,025 per annum
- Fully let industrial investment opportunity, located close to Immingham Dock
- Popular/well established industrial location with excellent road links close to Immingham Dock and the A180/M180.
- Total built accommodation of 2,814.9 sqm (30,300 sq ft)
- Site Area 1.85 Ha (2.09 acres)
- Let to 5 quality tenants with credit references of a's & b's
- Potential reversionary rent of £181,810 per annum based upon a erv of £6/ sq ft (niy 7.62%)
- Freehold proposal, we are instructed to seek offers in excess of £2.25million, subject to contract and exclusive of VAT
- A purchase at this level would reflect a Net Initial Yield (niy) of 7% allowing for typical purchaser's costs (6.03%)
- A sale at £2.25 million reflects a capital value of £74.26/sqft
The property comprises eight industrial units, three of which are presently fully inter connected and provide a total of 2,814.9 sqm (30,300 sq ft). The development comprises two standalone terraces, accessed via a central roadway. The units themselves are of steel portal frame construction, enclosed with brick/blockwork elevations having pitched insulated clad roofs above, which also incorporate certain translucent panels to provide natural light.
The units themselves have been sub-divided to create certain office accommodation together with WC facilities and there are also numerous mezzanine storage and additional office accommodation which have been added. Externally, each unit benefits from a good sized concrete surfaced yard area for parking and loading/unloading accessed via the central roadway.
The units themselves have been sub-divided to create certain office accommodation together with WC facilities and there are also numerous mezzanine storage and additional office accommodation which have been added. Externally, each unit benefits from a good sized concrete surfaced yard area for parking and loading/unloading accessed via the central roadway.
More information
Listed by
PPH Commercial
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