Light industrial for sale in Heathfield Industrial Estate, Heathfield Street, Elland HX5
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Property features
- Freehold multi-let industrial estate for sale
- Extending to 16,800 sq ft over 9 units, ranging from 1,180 sq ft to 3,120 sq ft.
- 56% reversionary with potential erv of £152,790 pa.
- Popular industrial location in Elland, with excellent road communications.
Property description
The estate is split by Heathfield Street, with the northern section comprising one terrace of four units (Nos 6-9) and another of three (Nos 3-5). To the south of Heathfield Street are two detached units (Nos 1 and 2).
The industrial estate was built in c. 1996/1997. A steel palisade fence and gate were installed in 2015.
The units are of single storey, steel portal framed construction. Specification includes concrete floors, a combination of brickwork/stone elevations and profile clad sheeting, surmounted by a mono-pitched profile metal sheet roof incorporating translucent roof lights.
All units have a single ground level loading door to the front elevation.
Internally, the units have been fitted out with LED / fluorescent strip and sodium lighting. A small office and WC is present within every demise.
There is a shared yard area to the front of the units.
The multi-let estate comprises 9 units, currently 80% let to 5 tenants. The total passing rent is £98,060 pa, reflecting an average rent of £7.40 psf. Total erv is estimated at £152,790 pa, reflecting an average rent of £9.09 psf, and a potential 56% reversion.
The WAULT to lease expiry is 0.71 years and to breaks is 0.39 years. The short-term lettings and recent void represent a significant asset management opportunity.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Walker Singleton Commercial, HX1 on +44 1422 298787 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Walker Singleton Commercial, and do not constitute property particulars. Please contact Walker Singleton Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.