Plot 52 comprises a large industrial unit, split between three bays totalling 42,038 sq ft. The layout provides access from each bay to the front and rear as well as pedestrian and customer access. The end unit was constructed in the late 1990's to facilitate company expansion.
The units are of steel frame construction with part metal cladding to the external elevations and the new bay is fully cladded. Each unit benefits from 6.8m eaves heights, solid concrete floor, pedestrian and roller shutter door access as well as ample staff and visitor parking with separate service yard access. The units have a good level of natural light with translucent roof panels set within a metal clad roof, all of which have been replaced recently. The units also benefit from air conditioning and there is an overhead gantry crane in the east bay.
In addition to the warehouse there is a large two storey office building with customer reception and access to the offices.
The office building leads into the eastern bay warehouse and comprises open plan office space and a sales area/meeting rroms. The offices were refurbished in January 2016 at the tenant's cost and benefit from double glazed windows, suspended ceilings and air conditioning.
Externally the site is secured with palisade fencing with access for visitors and staff via Chiswick Avenue and deliveries by Hampstead Avenue.
The site extends to 2.38 acres, with an appropriate site coverage of 41%, meaning there may be the opportunity for development.
( Agency Pilot Software Ref: 20009866 )
Location
Mildenhall is situated 42 miles from Norwich, 25 miles from Cambridge and 12 miles from Bury St. Edmunds. The town is adjacent to the A11 which provides excellent access between Norwich and the A14/M11 which in turn link the eastern coastal ports to the West Midlands.
The property is situated on Chiswick Avenue which forms part of the established Mildenhall Industrial Estate, which lies approximately 1 mile north of the town centre. Mildenhall is a popular location for manufacturing businesses due to the local labour pool and access to main areterial routes.
Other nearby occupiers include Ridgeons, TBI Manufacturing Ltd, Norfolk Greenhouse, Witton Chemical Co Ltd and Drinkstuff Distribution Centre.
Accommodation
Large Industrial Unit (split between three bays) - 42,038 sq ft
The site extends to 2.38 acres
Terms
Proposal - Offers are sought in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT, reflecting an attractive net initial yield of 6.59% and a low capital value of £47.55 per sq ft, assuming standard purchaser's costs.
The property is also available by way of a corporate sale. Interested parties have the option of acquiring 100% of the share capital in the holding company. This is the sole asset held in that company. Further details are available upon request.
EPC - EPC Rating: D (90). A copy of the certificate is available upon request.
For detailed information regarding Tenancy & Investment Evidence, please see attached brochure.