, 6 Second Drove, Peterborough, PE1 5XA | Property for sale | Savills
427.73 sq m(4,604 sq ft)
Offers in the region of £450,000($529,920)

6 Second Drove, Peterborough, PE1 5XA

    Industrial
    427.73 sq m (4,604 sq ft)

    Key features

    • Terraced industrial / warehouse investment
    • Parking to the front of the unit
    • Two roller shutter doors, offices and mezzanine floor
    • Let to ACE Branded Tyres Ltd until 2035 without break (11 years + remaining)
    • Eaves height of 3.96m
    • Approximately 1 mile from the city centre
    • Over £370,000 of income over the lease (approx. 7.4% gross yield)

    Terraced industrial unit

    About this property

    • Description
      The property is a terraced industrial / warehouse unit with a pitched roof, together with parking to the front.

      It is let to ACE Branded Tyres Ltd until 30th June 2035 (without break) on a full repairing and insuring lease.
      www.acetyreonline.com. Company number 08762390. The company was formed in 2013. A 1 month deposit is held.

      The passing rent is £30,000 per annum with fixed increases to £32,500 per annum from July 2025 and to £35,000 per annum from July 2030. The income over the term of the lease equates to over £370,000 (approx. 7.4% gross yield).

      Viewings
      Strictly by appointment with the sole agents.

      Terms
      The property is available for sale subject to the existing lease - guide price of £450,000 (£97 per sq ft).

    Local information

    • Second Drove is located off Fengate in Eastern Industry, an established industrial/commercial area approximately 1.5 miles east of Peterborough city centre.
    • The Frank Perkins Parkway (A1139) is approximately 1 mile west and forms part of Peterborough's dual carriageway road system which links to the A1(M), A15, A47, and A605.

    Available space

    Namesq ftsq mAvailability
    Unit4,604427.73Available