Summary - 8 14 AND 14A, PILLINGS ROAD LE15 6QF
1 bed 1 bath Commercial Property
Freehold trio of food-prep units with secure yard and immediate income potential.
Let to one tenant on FRI leases until 12/05/2030
Rent now £54,000 pa following May 2025 review
Tenant break option on 12/05/2026 (may end income)
Total floor area c. 8,577 sq ft with secure gated yard
Suited to food processing; currently high-spec internal fit-out
EPCs poor (Band E and Band F) — energy improvement likely needed
Rateable value £31,500; services connected but untested
Short lease term may restrict mortgage lending options
This freehold investment comprises three brick-built industrial units plus a secure yard, all functioning as a food preparation centre. The accommodation is substantial (total c. 8,577 sq ft) and fitted to a high specification suitable for continued food-processing or light industrial use. The site includes gated vehicle access, roller shutters and concrete yard space for loading and storage.
All three units are let to the same tenant on aligned FRI leases from May 2020 to 12/05/2030 with a rent of £54,000 per annum after the May 2025 review. There is a tenant break option on 12/05/2026; if exercised this would end the tenancy early and surrender future income under the current agreement. The leases are mid-term and include a Schedule of Condition.
Buyers should note practical downsides: relatively short unexpired term with a 2026 break may limit financing options, and the EPCs are Band E (No.8) and Band F (Nos.14/14A). Rateable value is notable at £31,500. Services are understood to be connected but have not been tested.
This holding suits an investor seeking an occupational-style industrial asset with secure yard and immediate income. It also offers potential to re-let or repurpose under Class E where permitted, subject to tenant decisions and the forthcoming break option.
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