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Normandy Landings Pope St 15,162 sq ft Industrial Property Normanton WF6 2TA £1,620,000 (£106.85/sq ft) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Excellent location
- Let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024
- 14 marked parking spaces
EXECUTIVE SUMMARY
Located approximately 14 miles south east of Leeds and six miles east of Wakefield, the property is close to Junction 31 of the M62 motorway.
The warehouse has a modern steel portal frame warehouse with integrated two-storey offices, constructed in the early 2000s.
Externally, the site features a secure and floodlit yard with shared access and 14 marked parking spaces, with scope for additional parking if required. Overall site coverage is approximately 30 per cent.
The premises are let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024.
The tenant holds a Dun & Bradstreet covenant rating of 2A1, and the lease produces a current passing rent of £111,785 per annum.
The warehouse has a modern steel portal frame warehouse with integrated two-storey offices, constructed in the early 2000s.
Externally, the site features a secure and floodlit yard with shared access and 14 marked parking spaces, with scope for additional parking if required. Overall site coverage is approximately 30 per cent.
The premises are let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024.
The tenant holds a Dun & Bradstreet covenant rating of 2A1, and the lease produces a current passing rent of £111,785 per annum.
PROPERTY FACTS Sale Pending
| Price | £1,620,000 | Costar Property Class | B |
| Price per sq ft | £106.85 | Total Plot Size | 2.23 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 15,162 sq ft |
| Yield | 6.50% | No. Floors | 3 |
| Tenure | Freehold | Year Built | 2003 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Allocation | 0.93/1,000 sq ft |
| Price | £1,620,000 |
| Price per sq ft | £106.85 |
| Sale Type | Investment |
| Yield | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 2.23 ac |
| Net Internal Area (NIA) | 15,162 sq ft |
| No. Floors | 3 |
| Year Built | 2003 |
| Tenancy | Single |
| Parking Allocation | 0.93/1,000 sq ft |
AMENITIES
- Courtyard
- Storage Space
- Smoke Detector
UTILITIES
- Lighting
- Water
- Sewer
- Heating
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Normandy Landings | Pope St
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