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Spirit Hyundai St. James Rd 8,283 sq ft 100% Let Industrial Property Corby NN18 8AL £1,925,000 (£232.40/sq ft)
Investment Highlights
- Prominent roadside dealership location
- Mixed-use planning potential
- Detached building with large site
Executive Summary
A prominent freehold motor dealership investment in Corby, fully let to Thurlow Nunn Ltd on a 15-year FRI lease expiring December 2040. The property comprises a detached showroom and workshop extending to 7,414 sq ft, set on a substantial 1.023-acre site including additional car sales land. The asset offers a secure, stepped income profile with an average yield of approximately 6.2% over the first five years. Positioned in a highly visible roadside location, the property also benefits from future development potential via existing planning permissions.
Property Facts
| Price | £1,925,000 | Total Plot Size | 0.52 ac |
| Price per sq ft | £232.40 | Net Internal Area (NIA) | 8,283 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Parking Allocation | 1.21/1,000 sq ft |
| Property Subtype | Service | No. Dock-High Doors/Loading | 2 |
| Price | £1,925,000 |
| Price per sq ft | £232.40 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Total Plot Size | 0.52 ac |
| Net Internal Area (NIA) | 8,283 sq ft |
| No. Floors | 1 |
| Year Built | 1990 |
| Parking Allocation | 1.21/1,000 sq ft |
| No. Dock-High Doors/Loading | 2 |
Amenities
- 24 Hour Access
- Storage Space
- Smoke Detector
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Spirit Hyundai | St. James Rd
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