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Unit 3, Sandall Lane 2 Industrial Properties Offered at £700,000 in Doncaster

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INVESTMENT HIGHLIGHTS

  • High yielding single let industrial investment with a low site density of only 17%
  • Well established truck repairs business CTT Logistics Ltd (Assets of £710k, 2025)
  • Secure compound / yard area
  • Two Detached Units on 0.68 Acres
  • Available by way of Sale & Leaseback

EXECUTIVE SUMMARY

DESCRIPTION
Comprising a low-density industrial site used as a HGV service centre. There are two detached industrial units on site benefitting from the following specification:
- Unit 1 is equipped with a rolling road and an inspection pit, offering specialised facilities for vehicle maintenance and truck repairs. Max eaves height 6.7m. Steel portal frame construction. with 3 x electric loading doors.
- Unit 2 provides a open-plan workshop and stores. Concrete frame construction under a pitched asbestos clad roof, with 2 x loading doors and eaves height of 6.2m.
- Externally the yard is a mix of concrete and compact road plannings surrounded by a steel palisade fence, there are large steel entrance gates to the front of the site. Staff and W/C facilities on site are connected via office cabins.
LEASEBACK TERMS
The proposed leaseback terms are as follows:
- Term: 10-year lease from completion
- Rent: £62,500 per annum exclusive (reflecting circa £9.40 per sq ft and £50,000 per acre over circa 0.35 acres)
- Repairs: FRI subject to a photographic schedule of condition
- Review: 5-year RPI linked review (2-4% min-max compounded pa)
- Break: Tenant only break option after 5 years
- Tenant: CTT Logistics Ltd (11618375) - accounts available upon request. 2025 accounts show assets of £710k
PRICING
Offers in excess of £700,000, reflecting a net initial yield of 8.86%, assuming standard purchasers' costs of 6.8% with a reversionary yield of 9.54% assuming a compounded growth of 3% pa at the 5 year review.

PROPERTY FACTS

Price £700,000
Price psf £146.54 / sq ft
Sale Condition Sale Leaseback
Yield 8.86%
Sale Type Investment or Owner Occupier
Status Active
Number of Properties 2
Individually For Sale 0
Total Property Size 4,777 sq ft
Total Land Area 1.25 ac

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
UNIT 3 SANDALL LANE
Sandall Ln, Doncaster DN3 1RA
Industrial 3,352 sq ft 1970 -
Sandall Ln, Doncaster DN3 1RA Industrial 1,425 sq ft 1970 -
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  • Listing ID: 32501125

  • Date on Market: 18/07/2024

  • Last Updated:

  • Address: Unit 3, Sandall Lane, Doncaster, SYK

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