1 Holbrook Rise 14,175 sq ft 100% Let Industrial Property Sheffield S20 3FG £960,000 (£67.72/sq ft) 7.97% Net Initial Yield

Opportunity to acquire long leasehold Interest of this industrial property. The property comprises a steel portal framed light industrial unit and adjoining two storey offices within a secured storage compound. Externally the property has a block paved and tarmacadam yard currently with parking for over 40 vehicles. The warehouse is occupied by ‘Runaround’ under the terms of a 10 year FRI lease from 3 March 2018 at a current rent of £52,500 per annum exclusive and remainder of the accommodation on site is to remain in the occupation of MHG (Supplies) Limited who are to sign a new 5 year occupational lease at a fixed rent of £24,000 per annum exclusive, again on FRI terms.
The Long Leasehold is of 125 years from 17 August 1998 at a non-reviewable ground rent of £100 per annum. Available at a guide price £960,000.00.