£480,000
(£224.93/sq. ft)
Property for saleLamledge Lane, Shifnal TF11
2,134 sq. ft
About this property
4 units and 2 commercial yards
Net rental income of £51,052 pax
Asking price £480,000 excl. For long leasehold interest
Rare opportunity to acquire a multi-let commercial investment located at Shifnal Industrial Estate. The property comprises four well-positioned industrial units and two commercial yards. The property is fully income-producing, with a current net passing rent of £51,052 per annum providing a secure investment option.
The units vary in size from 504 square feet (46.82 square metres) to 572 square feet (53.13 square metres) and benefit from roller shutter access and eaves heights of 3.4 metres.
The property is offered for sale subject to the existing occupational leases, ensuring a steady income stream. With its strong rental performance, this property represents an excellent addition to any commercial investment portfolio.
Location
The property is situated within the established Shifnal Industrial Estate, which lies in the hearth of Shifnal and is a key commercial hub in the town. The estate offers easy access vial Lamledge Lane, placing it in close proximity to a range of local amenities and transport links.
The surrounding area is home to a variety of commercial and industrial occupiers. Additionally, the estate benefits from its strategic location next to Granite Self Storage.
The property benefits from excellent road links to the West Midlands and beyond, being located approximately 4 miles from the M54 motorway, which connects to the M6 and M1.
Shifnal benefits from a growing local economy and Shifnal Industrial Estate itself offers both current and future occupiers the opportunity to be part of this and a rapidly expanding hub.
Planning
The property is well-suited to a variety of commercial uses. Prospective parties are advised to make their own enquiries with the Local Planning Authority.
Tenure
The property is offered for sale on a long leasehold basis on a 299 year lease from completion at a ground rent of £500 pa. The asking price is £480,000 excl. Reflecting a net initial yield of 10.94% after standard purchaser costs. The property is offered subject to the existing occupational leases - please refer to marketing brochure for Tenant Summary.
Service Charge
There is a service charge liability for the maintenance of Shifnal Industrial Estate as a whole, currently running at £1,440 pa. Please contact the agent for further details.
Local Authority
Shropshire Council, Mount McKinley, Shrewsbury Business Park, Anchorage Avenue, Shrewsbury - Tel: Rateable value
Under the terms of the occupational leases, the owner currently pays the business rates for the units and yard. The units are currently being reassessed for business rates. Prospective purchasers should rely on their own enquiries.
Energy Performance Certificate
The property has an Energy Rating of G.
The units vary in size from 504 square feet (46.82 square metres) to 572 square feet (53.13 square metres) and benefit from roller shutter access and eaves heights of 3.4 metres.
The property is offered for sale subject to the existing occupational leases, ensuring a steady income stream. With its strong rental performance, this property represents an excellent addition to any commercial investment portfolio.
Location
The property is situated within the established Shifnal Industrial Estate, which lies in the hearth of Shifnal and is a key commercial hub in the town. The estate offers easy access vial Lamledge Lane, placing it in close proximity to a range of local amenities and transport links.
The surrounding area is home to a variety of commercial and industrial occupiers. Additionally, the estate benefits from its strategic location next to Granite Self Storage.
The property benefits from excellent road links to the West Midlands and beyond, being located approximately 4 miles from the M54 motorway, which connects to the M6 and M1.
Shifnal benefits from a growing local economy and Shifnal Industrial Estate itself offers both current and future occupiers the opportunity to be part of this and a rapidly expanding hub.
Planning
The property is well-suited to a variety of commercial uses. Prospective parties are advised to make their own enquiries with the Local Planning Authority.
Tenure
The property is offered for sale on a long leasehold basis on a 299 year lease from completion at a ground rent of £500 pa. The asking price is £480,000 excl. Reflecting a net initial yield of 10.94% after standard purchaser costs. The property is offered subject to the existing occupational leases - please refer to marketing brochure for Tenant Summary.
Service Charge
There is a service charge liability for the maintenance of Shifnal Industrial Estate as a whole, currently running at £1,440 pa. Please contact the agent for further details.
Local Authority
Shropshire Council, Mount McKinley, Shrewsbury Business Park, Anchorage Avenue, Shrewsbury - Tel: Rateable value
Under the terms of the occupational leases, the owner currently pays the business rates for the units and yard. The units are currently being reassessed for business rates. Prospective purchasers should rely on their own enquiries.
Energy Performance Certificate
The property has an Energy Rating of G.
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