Summary - CAPSTAN BULDING, BOUNDARY ROAD NR31 0LW
1 bed 1 bath Light Industrial
Prominent A47-frontage industrial freehold with yard, 10-year lease and £50k pa income.
Freehold light-industrial unit with offices, warehouse and staff facilities
A substantial freehold light-industrial unit with a large surfaced yard and prominent A47 frontage, offered as a sale-and-leaseback with a new 10-year lease. The building combines ground- and first-floor offices with extensive warehouse space, high ceilings and two large roller-shutter loading doors (5.35m x 3.4m and 5.45m x 4.8m). Circa 10 front car spaces and generous side/rear yards give good vehicle manoeuvrability and outdoor storage options.
The tenant pays £50,000 pa exclusive on the new lease. At the asking price of £650,000 the income equates to a gross return of about 7.7% before costs — a clear income-driven opportunity for buyers focused on yield and long-term lease income. The site’s prominent position on an established industrial estate provides easy HGV access and strong visibility from the A47.
Buyers should note material drawbacks: only ten years remain on the lease, which may restrict some mortgage lenders and reduce financing options; this is a common lender constraint on sale-and-leaseback investments. The local area records higher-than-average crime, significant area deprivation and a transitional demographic profile, which may affect tenant mix and future rental growth.
Suitable for investors seeking an income-producing industrial asset where occupational continuity is important. The property also suits an occupier with capital looking to regear the lease when terms allow. Surveying and lender pre-checks are advised early, given the remaining lease term and local market factors.
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