Property for sale
Property description & features
Accommodation comprises an L-shaped single-storey facility of two separate (but connected) workshops within a secure compound with parking. The workshops are solid concrete blockwork with 8ft wide sliding access doors on each unit. The property has previously been used successfully as a metal workshop, boat building facility, and now a classic motorcycle refurbishment business. The tenant is Grieves Engineering, an award-winning business. The tenants have been leasing for two years and have recently agreed to a lease extension for a further period of 5 years from August 2024. The investment provides 6% initial yield at the current asking price.
Key Features
Industrial investment for sale
Lease recently extended to 2029
Dedicated parking
Secure compound
Details
EPC - Building energy performance certificate: B
VAT - We understand the building is not elected for VAT
Services - Mains, electricity, water and drainage
Tenure - Freehold
Lease - Available upon request
Property information from this agent
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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