Summary - UNIT 2, BARRINGTON PARK, LEYCROFT ROAD LE4 1ET
1 bed 1 bath Commercial Property
Freehold industrial unit with immediate rental income and good ceiling height.
Total GIA approximately 4,412 sq ft (409.96 sq m)
A substantial mid-terraced industrial unit totalling approximately 4,412 sq ft, offered freehold with an existing tenancy. The building combines a high-clearance warehouse (minimum eaves 5.0m) with integral two-storey offices, a mezzanine and basic forecourt parking for around five cars. It is currently let to Alert Electrical Wholesalers Limited at £24,500 per annum, providing an immediate income stream and a gross yield of about 6.45% at the asking price of £380,000.
The property is practical and straightforward for continued industrial or trade counter use: concrete warehouse floor, gas warm air blower, single roller shutter goods entrance and translucent roof lights for natural illumination. Office accommodation is fitted with suspended ceilings, inset LED lighting, carpet and a kitchenette; heating is gas central with supplemental air-conditioning units. The site sits within an established suburban business park with good broadband and mobile connectivity.
Key considerations for buyers: the external yard/parking is modest relative to the unit footprint and loading is limited to a single roller shutter, which may restrict some occupiers. The building dates from circa 1980 and will require routine maintenance or selective refurbishment to meet modern occupier expectations. The immediate area records higher-than-average crime levels, which should be factored into security and insurance planning.
This is suited to investors seeking an income-producing industrial asset with clear occupational layout and immediate cashflow, or an owner-occupier prepared to refurbish and improve facilities. The freehold title and solid internal specification present a workable platform for rental growth or capital reconfiguration subject to planning and operational needs.
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