Large freehold site with long-term indexed income near major motorway junction.
Approximately 9,523 sq m (c.102,500 sq ft) high-spec accommodation
A substantial, income-producing industrial asset in a prime logistics location adjacent to Junction 1 of the M18. The site extends to approximately 2.67 hectares (6.6 acres) with high-spec accommodation of about 9,523 sq m (c.102,500 sq ft) including a modern high-bay warehouse (11m eaves), recent welfare block (2022) and office/admin space. The property benefits from a large service yard, two dock-level doors, a standard loading door and 165 car parking spaces, four of which have EV charging points.
The sale is offered freehold subject to a new 15-year lease to a single occupier, with five-year CPI-indexed rent reviews (cap 5%/collar 2%) and a current passing rent of £550,000 per annum. This structure suits buyers seeking a long-term, hands-off income stream and clear rental growth protection through indexed reviews. Offers are sought in excess of £6.5 million (exclusive of VAT).
Buyers should note material considerations: only 15 years remain on the lease which may prevent some mortgage lenders from providing finance; purchaser funding should be confirmed in advance. Local broadband speeds are very slow and recorded local crime levels are high — factors that could influence certain occupiers. The building stock is largely mid-1990s with ongoing investment, but further maintenance or upgrades may be required by a new owner over time.
Overall this is a strategic acquisition for institutional or private investors focused on logistics and industrial income, offering scale, strong motorway connectivity and immediate rental return — provided purchasers accept the lease term, on-site characteristics and local infrastructure limitations.
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