Affordable auction lot with long-term rental potential for investors or occupiers.
Large industrial unit with high internal ceiling height
A vacant industrial unit on Graythorp Industrial Estate offering clear upside for investors or owner-operators. The building provides a large garage/workshop space with high ceilings and a substantial external compound, suitable for storage, light industrial or vehicle operations.
Offered for auction at a guide price of £50,000, the lot is competitively priced against recent local sales (50 Caithness Road £60,000; 32 Forfar Road £67,000 in 2022). Rental estimates of £400–£500 pcm suggest a strong gross yield if purchased at guide price, making this attractive for buy-to-let industrial portfolios.
The unit needs some maintenance and refurbishment to bring it to optimal condition. Broadband speeds are very slow and legal tenure is currently unknown — both factors that will affect some occupiers. The site sits in a high-crime area, so security improvements should be factored into budgets.
This is a practical, opportunity-led purchase rather than a turn-key property. Buyers seeking a large plot, flexible workshop/warehouse space and clear re-letting potential will find significant scope to add value.
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