No longer on the market
This property is no longer on the market
MapProperty
Under offer
Property
19866
Features and description
- Rare opportunity to acquire a multi-let industrial estate in an affluent south coast town.
- Comprising 17 units which extend to a total of 19,866 sq ft (GIA).
- Site area of 1.23 acres.
- Very low site cover of approx 37%
- Net Initial Yield of 6.64% assuming purchaser’s costs of 6.4%.
- Low Capital Value of £130.88 per sq ft.
- ERV of £199,598.50
Description
Manor Park comprises 17 Industrial / Warehouse units, ranging in size from 708 sq ft to 2,162 sq ft, providing a total of 19,866 sq ft of accommodation configured in a horse shoe shape with allocated with allocated parking in the centre of the estate. The total site cover is c.37%.
The freehold interest is subject to 17 units, 11 let, 2 vacant and 5 sold off on long leaseholds, full details of which are available in the tenancy schedule.
The units are of steel portal frame construction with a mix of old and new steel clad roofs with brick and part steel clad elevations and benefit from roller shutter doors, personal doors and 3 phase electricity.
Location
Manor Park is located within the Fleets Industrial Estate accessed from Willis Way and benefits from good access to the A350 Holes Bay Road providing wider road communications via the A35.
Nearby occupiers include; B&Q, Lok n Store, Howdens, McDonald's, Amazon and Sunseeker.
Viewings
Inspections are by appointment only and can be arranged by contacting a member of the Vail Williams team.
Tenure
The property is held Freehold under title number - DT77648
Capital Allowances
Available by way of separate negotiation.
Manor Park comprises 17 Industrial / Warehouse units, ranging in size from 708 sq ft to 2,162 sq ft, providing a total of 19,866 sq ft of accommodation configured in a horse shoe shape with allocated with allocated parking in the centre of the estate. The total site cover is c.37%.
The freehold interest is subject to 17 units, 11 let, 2 vacant and 5 sold off on long leaseholds, full details of which are available in the tenancy schedule.
The units are of steel portal frame construction with a mix of old and new steel clad roofs with brick and part steel clad elevations and benefit from roller shutter doors, personal doors and 3 phase electricity.
Location
Manor Park is located within the Fleets Industrial Estate accessed from Willis Way and benefits from good access to the A350 Holes Bay Road providing wider road communications via the A35.
Nearby occupiers include; B&Q, Lok n Store, Howdens, McDonald's, Amazon and Sunseeker.
Viewings
Inspections are by appointment only and can be arranged by contacting a member of the Vail Williams team.
Tenure
The property is held Freehold under title number - DT77648
Capital Allowances
Available by way of separate negotiation.
Property information from this agent
About this agent
Where great relationships yield the best property outcomes. Vail Williams is a national property adviser with ten offices based throughout the North, Midlands and South of England.