, Units 34-35 Aston Business Park, Peterborough, PE2 7BF | Property for sale | Savills
1,033 sq ft(95.97 sq m)
Offers in the region of £215,000

Units 34-35 Aston Business Park, Peterborough, PE2 7BF

    Industrial
    1,033 sq ft (95.97 sq m)

    Key features

    • Investment opportunity
    • Guide price of £215,000 - representing a 5.81% net initial yield
    • 1,033 sq ft
    • 2 mid-terrace units
    • Fully let and producing £12,500 per annum
    • Two separate tenancies
    • ERV £15,000 per annum; reversionary yield 7%

    Investment opportunity

    About this property

    • Specifications
      Fully let as follows
      Unit 34 - let to a private individual for a term of 5 years, expiring January 2027, at a rent of £6,500 per annum exclusive of VAT.
      Unit 35 – let to PCS Exterior Cleaning (storage use) for a term of 3 years, expiring July 2028, at a rent of £6,000 per annum exclusive of VAT.

      Viewings
      Strictly by appointment with the sole agents.

      Terms
      Guide price of £215,000 (two hundred and fifteen thousand pounds) representing a 5.81% net initial yield.

      EPC
      Unit 34 to be reassessed;
      Unit 35: B rating

      Legal Costs
      Each party to bear their own legal costs in this transaction.

      AML
      Purchasers to provide proof of ID & address will be required for AML due diligence purposes.

      VAT
      The units are not opted for VAT.

      Anti-Money Laundering
      Purchasers to provide proof of ID & address will be required for AML due diligence purposes.

      Business Rates
      Tenants to pay Business Rates.
      Unit 34 RV: £5,300.
      Unit 35 RV: £3,500

      Tenant Covenant
      Unit 34: Let to a private individual
      Unit 35: Let to PCS Exterior Cleaning LTD. ICANS Tenant Global Score: 41/100.

    Local information

    • Peterborough is a cathedral city in Cambridgeshire, situated in the heart of the East of England located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge. It has excellent rail links to London Kings Cross, Edinburgh, York and Leeds.
    • The property is located on Aston Business Park, Shrewsbury Avenue, Woodston, a popular mixed use estate to the south of the city and is just off the A1260 Nene Parkway, which provides good access to the A1(M) 3 miles to the south at J17.
    • Nearby occupiers include May Home Furnishing and Ray & Paul Interiors.

    Available space

    Namesq ftsq mAvailability
    Unit - 3463058.53Available
    Unit - 3540337.44Available