Summary - GALLOWFIELDS HOUSE, FAIRFIELD WAY DL10 4TB
1 bed 1 bath Light Industrial
**Standout Features:**
- Large industrial warehouse of 21,245 sq ft.
- Currently let to 3 established tenants, generating a net income of £67,404 pax.
- Remarkable Net Initial Yield of 9.63%, with potential for a reversionary yield of 13+%.
- Freehold tenure and chain-free.
- Ample off-street parking.
- Located in Gallowfields Trading Estate with excellent transport links.
- Requires renovation but presents a solid investment opportunity.
**Summary:**
This expansive industrial property in the Gallowfields Trading Estate, Richmond, offers a fantastic investment opportunity or potential owner-occupier space. Constructed in the late 1960s and refurbished in the 1990s, it encompasses over 21,000 sq ft of versatile space, ideal for manufacturers, warehousing, or light industrial use. The property currently benefits from a reliable income from three established tenants, making it a strong candidate for investors looking to capitalize on a healthy yield of 9.63%.
Set on a gently sloping plot with a large tarmacked surface car park, this industrial unit offers accessibility for commercial vehicles and significant expansion potential. While some renovation is needed to unlock its full potential, the low capital value of £32.95 psf reflects an attractive investment landscape. Positioned just a mile from Richmond and in proximity to major road networks, this asset combines excellent location with significant future potential. Don’t miss out on this opportunity; properties like this, especially with such flexibility for rent adjustments and uses, don’t stay on the market long.
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