, 16 Albert Way, Chatteris, PE16 6US | Property for sale | Savills
39,708 sq ft
£1,950,000

16 Albert Way, Chatteris, PE16 6US

  • New
  • Freehold

Key features

  • Parking for 60 vehicles
  • Industrial/warehouse unit with offices
  • 10 year lease at a rental of £187,000 per annum exclusive, from March 2023. There is a tenant only break option in March 2028.
  • Let to A.E Sutton Limited who were acquired by Macfarlane Group in March 2023
  • Future development potential subject to planning
  • Offers sought in excess of £1,950,000
  • EPC Rating: B

Detached industrial/warehouse unit - investment opportunity

About this property

  • Description
    The property comprises an industrial warehouse unit with single storey administration block to the south east elevation. The building is of portal steel frame construction providing three bays with main walls of blockwork and profile metal sheet cladding. The main roof is pitched and clad in insulated profile metal sheets incorporating roof lights. To the south east elevation of the property there are two high bay section doors with max measurements at 4.00m width X 4.50m height, providing loading/unloading access to the warehouse. The property benefits from a fully operational & maintained Sprinkler System covering all areas of the premises.

    The single storey administration block provides modern office accommodation, kitchen and WC’s facilities, staff canteen and design offices extending in to Warehouse Bay Three. The offices are carpeted with suspended ceilings incorporating air conditioning units and LED lighting. The building is on site of 2.98 acres (1.20 ha) with 31% site cover. There is a gravel car parking area to the south of the property providing approximately 60 spaces.

    Viewings
    Strictly by appointment.

    Terms
    The property is available for sale. We are seeking offers in excess of £1,950,000.

    Business Rates
    Rateable Value (2024) £107,000 - Rates Payable £58,422.

    Tenant Covenant
    Macfarlane Group UK Limited are experts in the packaging industry.
    Dun & Bradstreet rating of 3A2.

    VAT
    VAT is applicable.

Local information

  • The property is located within a residential area to the north of Chatteris, a rural Fenland market town. The area is associated with food production and associated packaging.
  • Chatteris has good access via the A141 to the A1(M) and A14 and is approximately 18 miles from Peterborough, 15 miles from Huntingdon and 28 miles from Cambridge.

Available space

Namesq ftsq m
Ground - Warehouse31,1062,889.84
Ground - Production area2,967275.64
Ground - Office, reception & canteen area2,829262.82
Mezzanine2,806260.69