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Grange Road Industrial Estate, Airmyn, DN14 6BZ
10,000 Sq Ft / Industrial
Withdrawn - Last updated: 21 June 2021
Opportunity to acquire a modern, self-contained trade counter investment, located on the prominent Grange Road Industrial Estate.Detached warehouse building comprising 10,000 sq ft (GIA)Single let to MKM Building Supplies (Goole) Limited with a guarantee from MKM Building Supplies Ltd expiring in April 2028 at a headline rent of 89,608 p.a. equating to 6.99 per sq ft.100% of the income is secured for a further 11.5 years to a covenant with a very low risk of business failure.Long Leasehold1.12 acre site, providing a very low site cover of 21%We are instructed to seek offers in excess of 1,300,000 (One Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. This reflects a net initial yield of 6.50%, assuming purchasers costs of 5.99%.
Location
Grange Road Industrial Estate, DN14 6BZ, East Riding of Yorkshire, Europe
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