Property for sale
Property description & features
- Well located with easy A11 access
- Modern detached facility with generous yard; only 33% site cover
- 40+ year established covenant
- Unbroken 10-year lease at £215,000
Modern detached facility with generous yard; only 33% site cover
40+ year established covenant
Unbroken 10-year lease at £215,000
COMMERCIAL INVESTMENT - FREEHOLD INDUSTRIAL SALE & LEASEBACK OPPORTUNITY
COMMERCIAL INVESTMENT - FREEHOLD INDUSTRIAL SALE & LEASEBACK OPPORTUNITY
Detailed Description
The property comprises a detached modern propped steel portal framed warehouse/industrial facility, with ancillary offices, understood to have been constructed in 1991.
The property has brick/block external walls surmounted by double skin & insulated profile metal cladding panels set under a pitched profile metal panel clad roof, incorporating double skin translucent light panels.
Internally, the property has a minimum eaves height of circa 6.5m rising to circa 8.5m at the roof apex. A two-storey section within the building provides offices, welfare and amenity facilities.
The 12-bay warehouse/works area has solid concrete floor, high level LED down lighting, with loading access via two electronically operated vehicular access doors and a single dock level loading door.
Externally the fenced and gated site benefits from a generous yard to the side and rear, which is mainly tarmac surfaced with concrete loading aprons around the vehicular access doors, providing loading and parking facilities. Two underground fuel storage tanks are situated to the rear of the site, along with a vehicle wash-down area.
Location
The town of Thetford (25,492 population according to the 2021 census) is situated in Norfolk approximately 30 miles south west of Norwich, 34 miles north east of Cambridge and 15 miles north of Bury St Edmunds.
The subject premises are situated north east of the town centre within one of the towns two principal industrial areas, and having quick and easy access to the dualled A11 some 0.7 mile distant.
The property is situated fronting Brunel Way on the established Brunel Way Industrial Estate and other nearby occupiers include Easy Cleaning Solutions Limited, Currys Thetford Campus, Warburtons and Metro Supply Chain.
Strictly by appointment with the sole selling agent.
Tenant Information
Star Transport and Warehousing Limited was incorporated over 40 years ago in March 1982, and have occupied the subject premises since they were constructed in 1991. The company employs over 100 staff and specialises in UK haulage and bespoke warehousing for customers nationwide including Smurfit Kappa, D S Smith and Majestic.
Data Room
Please contact the sole selling agents for access to the Data Room which holds draft lease, EPC, accounts and other relevant information.
Price
£2,400,000 for the freehold interest subject to and with the benefit of the lease to Star Transport and Warehousing Limited. A purchase at this level reflects a net initial yield of c. 8.45% after allowing for purchaser's costs at c. 6.06%.
Property information from this agent
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