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Hassall Rd 5,047 sq ft Industrial Unit Offered at £275,000 in Skegness PE25 3TB
INVESTMENT HIGHLIGHTS
- Ample parking
- Good road communications
- Rear yard area
EXECUTIVE SUMMARY
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. The property is located on the principal industrial site within the Skegness region.
PROPERTY FACTS Sale Pending
| Total Property Size | 5,588 sq ft | Typical Floor Size | 5,588 sq ft |
| Property Type | Industrial (Unit) | Year Built | 1980 |
| Property Subtype | Warehouse | Total Plot Size | 0.14 ac |
| Costar Property Class | B | Parking Allocation | 1.78/1,000 sq ft |
| Floors | 1 |
| Total Property Size | 5,588 sq ft |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Floors | 1 |
| Typical Floor Size | 5,588 sq ft |
| Year Built | 1980 |
| Total Plot Size | 0.14 ac |
| Parking Allocation | 1.78/1,000 sq ft |
AMENITIES
- Front Loading
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
1 UNIT AVAILABLE
Unit 3A-3B
| Unit Size | 5,047 sq ft | Sale Type | Investment |
| Price | £275,000 | Tenure | Freehold |
| Price Per sq ft | £54.49 | Net Initial Yield | 8.05% |
| Unit Use | Industrial | NOI | £22,137.50 |
| Unit Size | 5,047 sq ft |
| Price | £275,000 |
| Price Per sq ft | £54.49 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.05% |
| NOI | £22,137.50 |
DESCRIPTION
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. Internally both units comprise a mix of open plan industrial storage, office space and staff breakout area/kitchen. The units are fitted with concrete floors, LED lights and roller shutter doors.
SALE NOTES
Offers in the excess of £275,000 are invited for the Freehold interest subject to the occupational tenancies. This reflects a Net Initial Yield of 8.05%.
Presented by
Hassall Rd
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