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42 Haycroft Av 3,694 sq ft Industrial Unit Offered at £70,000 in Grimsby DN31 2HW
Investment Highlights
- Established commercial location
- Less than one mile from Grimsby town centre
- Let and producing £4,800 per annum
Executive Summary
The property comprises a detached industrial workshop building arranged over ground and first floor/mezzanine levels. Constructed to provide vehicle workshop accommodation with ancillary stores and office space, the building occupies a commercial location on Haycroft Avenue within an established industrial and trade area of Grimsby, providing convenient access to the town centre and surrounding road network.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 6.86% |
| Sale Type | Investment |
| Net Initial Yield | 6.86% |
| Tenure | Freehold |
Description
The accommodation comprises a predominantly open plan vehicle workshop with roller shutter access, together with ancillary office accommodation, WC facilities and multiple storage areas. A first floor mezzanine provides additional storage space and a kitchen area.
Sale Notes
Freehold vehicle workshop investment let to an established occupier producing £4,800 per annum. The quoting price of £70,000 reflects a gross yield of approximately 6.86%, offering an industrial investment opportunity within an established commercial location in Grimsby.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 42 Haycroft | 3,694 sq ft | Industrial | £70,000 (£18.95/sq ft) | £4,802 |
Unit 42 Haycroft
| Unit Size |
| 3,694 sq ft |
| Unit Use |
| Industrial |
| Price |
| £70,000 (£18.95/sq ft) |
| NOI |
| £4,802 |
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Unit 42 Haycroft
| Unit Size | 3,694 sq ft |
| Unit Use | Industrial |
| Price | £70,000 (£18.95/sq ft) |
| NOI | £4,802 |
| Sale Type | Investment |
| Net Initial Yield | 6.86% |
| Tenure | Freehold |
| Description | |
| The accommodation comprises a predominantly open plan vehicle workshop with roller shutter access, together with ancillary office accommodation, WC facilities and multiple storage areas. A first floor mezzanine provides additional storage space and a kitchen area. | |
| Sale Notes | |
| Freehold vehicle workshop investment let to an established occupier producing £4,800 per annum. The quoting price of £70,000 reflects a gross yield of approximately 6.86%, offering an industrial investment opportunity within an established commercial location in Grimsby. |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 3,694 sq ft | Floors | 2 |
| Property Type | Light Industrial (Unit) | Typical Floor Size | 1,338 sq ft |
| Property Subtype | Light Manufacturing | Year Built | 1938 |
| Costar Property Class | C | Tenancy | Single |
| Total Property Size | 3,694 sq ft |
| Property Type | Light Industrial (Unit) |
| Property Subtype | Light Manufacturing |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 1,338 sq ft |
| Year Built | 1938 |
| Tenancy | Single |
Amenities
- Yard
- Storage Space
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42 Haycroft Av
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