£2,250,000
(£74.26/sq. ft)
Property for saleUnits 1-8 Manby Road Industrial Estate, Immingham, North East Lincolnshire DN40
30,300 sq. ft
About this property
Industrial Investment yielding an income of £167,025 per annum
Fully let industrial investment opportunity, located close to Immingham Dock
Popular/well established industrial location with excellent road links close to Immingham Dock and the A180/M180.
Price £2.25m (niy 7%)
Site Area 1.85 Ha (2.09 acres)
Let to 5 quality tenants with credit references of a's & b's
Potential reversionary rent of £181,810 per annum based upon a erv of £6/ sq ft (niy 7.62%)
Freehold proposal, we are instructed to seek offers in excess of £2.25million, subject to contract and exclusive of VAT
A purchase at this level would reflect a Net Initial Yield (niy) of 7% allowing for typical purchaser's costs (6.03%)
A sale at £2.25 million reflects a capital value of £74.26/sqft
The units themselves have been sub-divided to create certain office accommodation together with WC facilities and there are also numerous mezzanine storage and additional office accommodation which have been added. Externally, each unit benefits from a good sized concrete surfaced yard area for parking and loading/unloading accessed via the central roadway.
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