Summary - THE GRANGE, RAWCLIFFE ROAD, GOOLE DN14 6TY
1 bed 1 bath Commercial Property
Freehold, reversionary income with redevelopment potential near M62.
5.38-acre site with 77,639 sq ft industrial accommodation
A rare multi-let industrial investment on a 5.38-acre site close to junction 36 of the M62, The Grange comprises 25 workshop, light industrial and trade units totalling 77,639 sq ft. The estate is let to 22 occupiers with a passing rent of £407,995 pa and a reversionary rent of £564,229 pa, providing clear asset-management and rental-growth potential through lease events and vacant unit lettings.
Units are predominantly single-storey, steel portal frame construction with a mixture of tenant fit-outs. The front of the site houses trade-facing occupiers including Angling Direct and Salvation Army; the rear contains local covenants and a large open storage compound that could be redeveloped or income-producing if rented. A former dwelling in the centre of the estate will be demolished and delivered as a cleared redevelopment plot, offering immediate expansion or compound-creation opportunities.
Key practical strengths are the site scale, extensive external yard and parking, high-ceiling units suitable for warehousing or trade counter use, and excellent road connections for regional distribution. Notable negatives are a medium flood risk for the area, a low current average base rent of approximately £4.87 per sq ft (indicating room to increase income but also reflecting current lease levels), and a number of short-term lease events which require active management.
This opportunity suits investors targeting reversionary income and value-add industrial assets in a regional logistics location. The freehold interest, sizeable yard and redevelopment plot mean potential for both immediate rental uplift and longer-term redevelopment, subject to planning and flood-risk mitigation where required.
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