Terraced industrial unit
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).
Name | sq ft | sq m | Availability |
---|---|---|---|
Unit | 4,604 | 427.73 | Available |