Fully let freehold industrial estate producing £134k pa with scope to increase rents; sold at auction..
- Freehold industrial estate producing £134,095 pa
- Site area ~0.92 ha; GIA ~34,353 sq ft across three buildings
- Unit 1&2 on 15‑year lease from 01/04/23 (long security)
- Units 2A and 3 on 6‑year leases (near‑term reversion/rent uplift)
- High eaves, roller shutters and forecourt parking throughout
- EPC ratings D (all units)
- Sold unconditional at auction; 10% deposit and £1,500 buyer fee apply
- Slow broadband and average mobile signal; check legal pack
A rare freehold industrial investment on Stonebroom Industrial Estate, offered with three fully let buildings producing a combined income of £134,095 per annum. The site extends to approximately 0.92 ha with a Gross Internal Area around 34,353 sq ft (site schedule shows units of 12,394, 9,688 and 5,810 sq ft), high eaves, roller shutters and forecourt parking — all practical features for light industrial or storage tenants.
Tenancy mix offers immediate income: Unit 1 & 2 sit on a 15‑year lease (commenced 01/04/23) giving long‑dated security; Units 2A and 3 are shorter six‑year leases which provide near‑term re‑letting or rent‑review opportunities. There is clear scope to increase rents in line with current market levels, presenting upside for an investor prepared to manage the tenancies.
Buyers should note material sale terms: the property will be sold at auction on 29 October 2025 by way of unconditional sale, with binding contracts exchanged on sale. Bidders must provide a 10% deposit (minimum £5,000) and pay a non‑refundable buyer’s fee of £1,500 (inc. VAT). Prospective purchasers must inspect the legal pack and make independent enquiries before bidding; additional fees may appear in the Special Conditions.
Practical considerations: the buildings carry EPC ratings of D (all units), broadband speeds in the area are slow and mobile signal is average. These are workable for many industrial uses but may limit tech‑dependent occupiers. Overall this is a pragmatic, income‑producing estate with immediate cashflow and identifiable rent‑growth potential for investors willing to transact at auction.