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Grimbald Crag Clos - Stoneacre 4,600 sq ft Light Industrial Unit Offered at £600,000 in Knaresborough HG5 8PJ
Investment Highlights
- The subject property is situated on the popular ‘Stoneacre’ scheme at St James Business Park
- 9 dedicated car parking spaces
- Wall mounted radiators (electric)
- Part suspended ceiling / part exposed soffit
- Electronic roller shutter
- Perimeter trunking
Executive Summary
The subject property is situated on the popular ‘Stoneacre’ scheme at St James Business Park, on the southern periphery of the market town of Knaresborough. St James Business Park lies immediately adjacent to the A59 Harrogate to York Road between the affluent areas of Harrogate and Knaresborough in North Yorkshire. The subject property comprises a two-storey warehouse that has been extensively fitted out to provide a high-specification gym facility. The ground floor features a reception and welcome area, leading into a spacious open-plan gym. A mezzanine level provides additional fitness space along with dedicated treatment rooms.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 8.33% |
| Sale Type | Investment |
| Net Initial Yield | 8.33% |
| Tenure | Freehold |
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 5 | 4,600 sq ft | Light Industrial | £600,000 (£130.43/sq ft) | £49,980 |
Unit 5
| Unit Size |
| 4,600 sq ft |
| Unit Use |
| Light Industrial |
| Price |
| £600,000 (£130.43/sq ft) |
| NOI |
| £49,980 |
Unit 5
| Unit Size | 4,600 sq ft |
| Unit Use | Light Industrial |
| Price | £600,000 (£130.43/sq ft) |
| NOI | £49,980 |
| Sale Type | Investment |
| Net Initial Yield | 8.33% |
| Tenure | Freehold |
| Description | |
| Unit 5 comprises a building totalling 4,600 sq ft.</li></ul> | |
| Sale Notes | |
| Guiding offers in excess of £600,000 subject to contract and exclusive of VAT A purchase price of £600,000 would reflect a Net Initial Yield of 8.33% and a low capital value of £130 psf – allowing for purchaser’s costs.</li></ul> |
Property Facts
| Total Property Size | 54,902 sq ft | Floors | 3 |
| Property Type | Industrial (Unit) | Typical Floor Size | 18,301 sq ft |
| Property Subtype | Warehouse | Year Built | 2007 |
| Costar Property Class | B |
| Total Property Size | 54,902 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 18,301 sq ft |
| Year Built | 2007 |
Amenities
- Courtyard
- Security System
- Storage Space
- Smoke Detector
- Raised Floor System
Utilities
- Lighting
- Water
- Sewer
- Heating
Presented by
Company Not Provided
Grimbald Crag Clos - Stoneacre
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