Property for sale

Mr Fothergills Seeds Ltd, Gazeley Road, Kentford CB8

A rare opportunity to acquire a substantial freehold commercial investment extending to approximately 6.25 acres, comprising a range of warehouse, storage, office, workshop/engineering and seed-testing facilities. The property is let in its entirety to the long-established occupier, Mr Fothergill's Seeds Limited, on a new 10-year lease commencing in 2026, subject to a tenant break option at the end of Year 6.

The lease provides for rental income of £350,000 per annum exclusive in Years 2 and 3, increasing to £367,500 per annum in Years 4 and 5, with an upward-only rent review in Year 5 to the higher of cpi (subject to a 2%-4% collar and cap) or Open Market Rent. The investment offers an attractive net initial yield of approximately 8.76%, rising to 9.20% in Year 4, allowing for normal purchaser's costs.

Conveniently located close to the A14, approximately 5 miles from Newmarket, 19 miles from Cambridge and 10 miles from Bury St Edmunds, the property also benefits from a significant underlying landholding offering longer-term asset management and redevelopment potential, subject to planning.