Secure income from a long-standing national occupier on a large industrial site.
Let to a very strong covenant with recently renewed 10-year lease
A substantial detached industrial unit let to a very strong covenant on a recently renewed 10-year lease, offering predictable income on a large site. The building combines a two-storey brick office block with a high-bay warehouse (approximately 19,022 ft²) and an extensive surfaced service yard suitable for HGV circulation, trailer parking and staff parking.
This is a clear, occupation-led investment: six metre eaves, four level-access loading doors and good yard circulation make the unit well suited to distribution, logistics or light manufacturing. The tenant has a long-standing presence here and the lease renewal demonstrates operational continuity and tenant commitment.
Important buyer note — there are only 10 years remaining on the current lease. That remaining term may limit purchaser finance options as many mortgage lenders are likely to refuse lending on shorter-let commercial assets. The site sits within a very deprived, blue-collar area which may affect future occupational demand and repositioning prospects.
For investors who can purchase with cash, institutional funding or specialist lenders, the asset provides immediate rental exposure to a strong covenant on a large, well-configured industrial plot with excellent vehicle accessibility and useful on-site parking.