Large freehold industrial site with immediate income and development upside.
Partially let with passing rent of £244,228 pa
A substantial partially let industrial freehold offering immediate income and clear upside. Units 21–24 sit in an L‑shaped portal frame building with high ceilings, translucent roof lights and two‑storey offices to the front. Two secure tenants provide a passing rent of £244,228 pa on full repairing terms, while two bays remain vacant and ready for occupation or re‑let.
The site includes a very large adjoining 0.64‑acre parcel of undeveloped land. That land previously had planning consent for five industrial units (N/2007/0283) which has now lapsed, so buyers seeking expansion or redevelopment will need to reapply. The building’s bayed construction and existing services make it straightforward to subdivide or alter to suit multiple occupiers.
This asset suits yield‑focused investors wanting immediate rent roll and rental growth potential, or owner‑occupiers who wish to occupy part and retain income from the rest. Note the income is subject to tenant breaks and rent reviews, there are two occupational voids to fill, and broadband speeds in the area are slow — factors to include in occupational and valuation assessments.