£550,000
Industrial for sale
Property photos
Under offer
Freehold
Offers over
£550,000
(£119.57/sq. ft)
Industrial for sale
Unit 4, Stoneacre, Knaresborough HG54,600 sq. ft
Local area information
Property location
Nearby amenities
- Aspin Park Academy 0.4 miles
- King James's School 0.8 miles
- Knaresborough 1.2 miles
- Starbeck 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Knaresborough to find out more about the local area.
Features and description
- Freehold
- Single Let Investment / Vacant Possession Potential
- Single let on a 10-year lease (expiry: February 2029) - approx. 3 years unexpired term
- Office/Warehouse Hybrid
- Passing rent: £38,400 per annum (£8.35 psf)
- Tenant: Natal Angels Ltd (T/A My Expert Midwife) – an award-winning pregnancy and newborn skincare brand founded in 2017
- Offers invited in excess of £550,000 (STC, exclusive of VAT)
- Net Initial Yield of 6.67% and low capital value of £115 per sq ft
- 9 Dedicated parking spaces
- 4.77m eaves
- Electronic roller shutter
- WCs on ground & 1st floor (Male/Female/Disabled)
Description
Purpose built hybrid warehouse offering 4,600 sq ft of open plan warehouse space and first floor offices, located on the established St James Business Park with excellent access to the A59 and A1(M).
Single let on a 10-year lease, expiring 28th February 2029 (approx. 3 years unexpired).
Passing rent £38,400 per annum (£8.35 psf).
Tenant: Natal Angels Limited (09624803) T/A My Expert Midwife.
My Expert Midwife are an award-winning pregnancy and newborn skincare brand which was co-founded in 2017.
Rent review not implemented / outstanding from March 2024.
The current tenant has indicated they are looking to vacate at the earliest opportunity – vacant possession can be made available.
Offers are invited in excess of £550,000 subject to contract and exclusive of VAT.
A purchase price of £550,000 would reflect a Net Initial Yield of 6.67% and low capital value of £115 per ft2. The investment has a potential reversionary yield of 7.97%, based on a potential market rent at £10.00 per ft2.
Location
The property forms part of an established estate of warehouse and industrial units located on the popular St James Business Park, benefiting from excellent road connectivity via the A59 and Junction 47 of the A1(M), with Harrogate town centre approximately 4 miles away.
Purpose built hybrid warehouse offering 4,600 sq ft of open plan warehouse space and first floor offices, located on the established St James Business Park with excellent access to the A59 and A1(M).
Single let on a 10-year lease, expiring 28th February 2029 (approx. 3 years unexpired).
Passing rent £38,400 per annum (£8.35 psf).
Tenant: Natal Angels Limited (09624803) T/A My Expert Midwife.
My Expert Midwife are an award-winning pregnancy and newborn skincare brand which was co-founded in 2017.
Rent review not implemented / outstanding from March 2024.
The current tenant has indicated they are looking to vacate at the earliest opportunity – vacant possession can be made available.
Offers are invited in excess of £550,000 subject to contract and exclusive of VAT.
A purchase price of £550,000 would reflect a Net Initial Yield of 6.67% and low capital value of £115 per ft2. The investment has a potential reversionary yield of 7.97%, based on a potential market rent at £10.00 per ft2.
Location
The property forms part of an established estate of warehouse and industrial units located on the popular St James Business Park, benefiting from excellent road connectivity via the A59 and Junction 47 of the A1(M), with Harrogate town centre approximately 4 miles away.
More information
Listed by
Fox Lloyd Jones
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