Commercial Property in Parson Drove available for sale
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Commercial Property for Sale near the Parson Drove, Wisbech

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More details for Murrow Ln, Murrow - Light Industrial for Sale

Factory Premises - Murrow Ln

Murrow, PE13 4JH

  • Light Industrial for Sale
  • £225,000
  • 12,863 sq ft

Murrow Light Industrial for Sale - Parson Drove

Approximately 808m² Ground Floor Gross Internal Area with an additional 387 sq. m of first floor storage and production area. Outside the property has access, parking and hard surface area surrounding the property together with additional grass areas approx. 1.6 Acre in total (verged red on the aerial image - STMS).

Contact:

Maxey Grounds & Co LLP

Property Subtype:

Light Manufacturing

Date on Market:

17/07/2024
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Commercial Properties for Sale Within 5 miles of the Parson Drove, Wisbech

LoopNet UK Cambridgeshire Wisbech Commercial Properties For Sale in Parson Drove, Wisbech, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Parson Drove

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How many Commercial Property listings are available for sale in Parson Drove?
There are currently 1 Commercial Properties available for sale near Parson Drove. These Parson Drove Commercial Property listings have an average size of 12,863 sq ft. The largest available listing in Parson Drove is 12,863 sq ft. The thriving commercial centre and excellent transport links in Parson Drove make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Parson Drove?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Parson Drove currently range from £13 to £13 per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Parson Drove?
There is a diverse range of commercial properties available in Parson Drove to suit various business needs. Parson Drove offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Parson Drove commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Parson Drove, Wisbech

Market Overview for Commercial Properties in Parson Drove

Key information for Commercial Properties investors in Parson Drove and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Wisbech £124 11,942 sq ft
Wimblington £24 11,068 sq ft
Stamford £127 12,461 sq ft
Holbeach £98 1,647 sq ft
Spalding £59 47,569 sq ft

Rental Price Trends in Parson Drove

The price per square foot range for Commercial Properties in Parson Drove and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Wisbech £31 £124 £441
Wimblington £24 £24 £24
Stamford £127 £127 £127
Holbeach £62 £98 £112
Spalding £35 £59 £119

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Parson Drove area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Wisbech 684 sq ft 11,942 sq ft 36,170 sq ft
Wimblington 11,068 sq ft 11,068 sq ft 11,068 sq ft
Stamford 12,461 sq ft 12,461 sq ft 12,461 sq ft
Holbeach 968 sq ft 1,647 sq ft 2,152 sq ft
Spalding 1,737 sq ft 47,569 sq ft 76,548 sq ft

You searched for commercial property for sale in Parson Drove. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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