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Centurion Way 5,390 sq ft Industrial Unit Offered at £400,000 in Leyland PR25 4GU
INVESTMENT HIGHLIGHTS
- Well-established Centurion Way Industrial Estate
- Offers excellent access to the M6, M61 and M65 motorways intersection
- Benefits from car parking spaces
EXECUTIVE SUMMARY
The unit is situated within the well-established Centurion Way Industrial Estate, immediately adjacent to Leyland Business Park, and the wider Lancashire Business Park to the east. The location offers excellent access to the M6, M61 and M65 motorways intersection, approximately 1.5 miles to the north-east. The property comprises an end-terrace, industrial unit, being of painted brick elevations beneath profile metal sheet roof, incorporating translucent roof lights. The unit provides open plan warehouse accommodation together with offices to the front elevation, and a WC block. The unit is accessed via a roller shutter door measuring 4.35m x 4.5m, which leads from the forecourt at the front of the building.
PROPERTY FACTS
| Total Property Size | 97,900 sq ft | Typical Floor Size | 32,633 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1974 |
| Property Subtype | Service | Total Plot Size | 4.37 ac |
| Costar Property Class | C | Parking Allocation | 0.06/1,000 sq ft |
| Floors | 3 |
| Total Property Size | 97,900 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Service |
| Costar Property Class | C |
| Floors | 3 |
| Typical Floor Size | 32,633 sq ft |
| Year Built | 1974 |
| Total Plot Size | 4.37 ac |
| Parking Allocation | 0.06/1,000 sq ft |
AMENITIES
- Yard
- Roller Shutters
1 UNIT AVAILABLE
Unit 11
| Unit Size | 5,390 sq ft | Sale Type | Investment |
| Price | £400,000 | Tenure | Long Leasehold |
| Price Per sq ft | £74.21 | Net Initial Yield | 6.00% |
| Unit Use | Industrial | NOI | £24,000 |
| Unit Size | 5,390 sq ft |
| Price | £400,000 |
| Price Per sq ft | £74.21 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 6.00% |
| NOI | £24,000 |
DESCRIPTION
The premises comprise a mid-terrace, single-storey industrial unit of brick construction, under a pitched, asbestos sheet roof. Access to the unit is via a roller shutter door measuring 4.35m x 4.5m, which leads directly from the forecourt at the front of the building.To the front of the building is a single-storey brick constructed office. There is a good-sized forecourt for parking and loading to the front.
SALE NOTES
The property is let to Garage Services Limited on the basis of a 6-year lease from 1 December 2018 on full repairing and insuring terms, at annual rent of £24,000 pa. The lease makes provisions for the rent to be reviewed every 3 years of the term.
Presented by
Centurion Way
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