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The Former Lumi Paper Norwich Rd 872,417 sq ft Industrial Property Mendlesham IP14 5ND £34,000,000 (£38.97/sq ft) 8.98% Net Initial Yield
Investment Highlights
- 49.6-acre industrial logistics estate
- 872,417 sq ft across 19 units
- Direct access to A140 and A14 network
Executive Summary
The accommodation comprises a range of warehouse units with ancillary office content, providing flexible industrial and logistics space across multiple building sizes. The units are predominantly of steel portal frame and concrete frame construction and benefit from a combination of ground-level and dock-level loading, generous yard areas, HGV circulation space, on-site parking and eaves heights ranging from approximately 5.0m to 10.5m.
Property Facts
| Price | £34,000,000 | Costar Property Class | C |
| Price per sq ft | £38.97 | Total Plot Size | 50.00 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 872,417 sq ft |
| Yield | 8.98% | No. Floors | 3 |
| Tenure | Freehold | Year Built/Renovated | 1965/2020 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution Warehouses | Parking Allocation | 0.03/1,000 sq ft |
| Price | £34,000,000 |
| Price per sq ft | £38.97 |
| Sale Type | Investment |
| Yield | 8.98% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution Warehouses |
| Costar Property Class | C |
| Total Plot Size | 50.00 ac |
| Net Internal Area (NIA) | 872,417 sq ft |
| No. Floors | 3 |
| Year Built/Renovated | 1965/2020 |
| Tenancy | Single |
| Parking Allocation | 0.03/1,000 sq ft |
Amenities
- Security System
- Signage
- Yard
- Storage Space
- Air Conditioning
- Smoke Detector
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The Former Lumi Paper | Norwich Rd
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