Income-producing warehouse with secure parking and loading access.
Let on five-year effectively full repairing lease from 19 Dec 2023
Income: let at £22,875 per annum; six-month rent deposit held
Size approx. 3,050 sq ft (283.4 sq m) with full-height loading door
On-site car parking by permit; external compound and yard space
EPC rating E (108) — potential improvement works required
Service charge levied and recoverable from tenant under lease
Local area: very high crime and very deprived; undertake local risk checks
Tenure listed as unknown — legal/title verification essential
This mid-terraced industrial unit at Unit 19, Stapledon Road offers a clear income-producing opportunity in Orton Southgate. Let on a new five-year effectively full repairing lease from 19 December 2023 at £22,875 pax, the property benefits from an established occupier and a six-month rent deposit held under deed.
The unit extends to 3,050 sq ft (circa 283.4 sq m) with a full-height up-and-over loading door, external compound and on-site parking (by permit). The layout includes office space and male/female WCs, making it ready for light industrial, warehousing or production use with immediate rental return.
Buyers should note practical and location considerations: the EPC is rated E (108), a service charge is levied and fully recoverable from the tenant, and the local area shows high crime levels and very high deprivation indicators. Tenure is stated as unknown in the sale information, so legal/title checks are recommended prior to exchange.
Priced at £325,000, this asset will suit investors seeking a hands-off income stream with medium-term lease security and potential capital growth if the area improves. Occupational and operational features (good loading access, yard and parking) support continued commercial use, but prospective purchasers should factor in EPC improvement costs and the social/environmental challenges of the immediate area.
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