Summary - MEDIA CENTRE, MORTON WAY LN9 6JR
1 bed 1 bath Warehouse
High-yield multi-unit estate with substantial yards and parking.
Freehold industrial complex totalling c.106,855 sq ft on c.2.25 hectares
A substantial, income-producing industrial complex on Boston Road Industrial Estate, offered freehold with a headline net initial yield of 12.60%. The site extends to c.2.25 hectares (approx. 106,855 sq ft) across multiple warehouses, light-industrial units and a two-storey office building, with extensive surfaced yards, dedicated parking and separate access points. Good road links to the A153 and A158 support logistics and occupier access.
The asset is configured as several demised units, making it suitable for multi-let ownership or a single-occupier repositioning. Visible benefits include large servicing yards, multiple loading areas, generous plot size and on-site parking. Mobile signal is excellent and there is no flood risk recorded.
Notable considerations for buyers: the surrounding area scores as deprived and the site backs onto residential streets and a cemetery, which may affect occupier mix and rental tone. Internal room-level details and floorplans are not available from the external appraisal, so some inspection and survey work is likely required. Average local broadband speeds and estate-standard ceilings suggest a refurbishment or modernisation programme may be needed to secure higher-value tenants.
This property suits investors seeking immediate industrial income with value-add potential through lease restructuring, selective refurbishment and improved estate management. It will also appeal to operators wanting a large, well-serviced base in a small market-town location, but buyers should factor in repositioning costs and local market dynamics.
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