Industrial for sale in Unit 1, Junction 30 Business Park, Ouzlewell Green, Wakefield WF3

Key Points

Description

The property is a self-contained modern, traditionally constructed unit of steel portal frame construction warehouse under a pitched roof, with brick elevations. The property currently has 1 ground and 1 dock level loading door. With a convenient location and an area of 23,353 sq. Ft, this property is perfect for usage as an industrial unit.

The property is entirely let to Easi-Keg Solutions Ltd on a new 15 year lease, with a tenant only break option in year 10. Initial Passing rent of £151,794.50 pax, with five yearly reviews, which are upward only to market rent.

We are instructed to seek offers of £1.8M (One Million, Eight Hundred Thousand Pounds) subject to contract and VAT. A Purchase at this level reflects a Net Initial Yield of 7.9% assuming purchaser/s costs of 6.28%. This reflects a capital value of £77 psf.

Location

Junction 30 Business Park is midway between the conurbations of Leeds & Wakefield, situated equidistant between Junctions 29 & 30 of the M62 (both less than 2 miles away), with the former being the 'Lofthouse Interchange' that links direction to Junction 42 of the M1, providing superb links to the wider transport network.

VAT

VAT will be payable at the prevailing rate on any transaction. The property is elected for VAT and we envisage that any transaction will be conducted as a Transfer of a Going Concern.

Legal Costs

Each party to pay their own costs.

Services And Planning

We understand that all mains' services are connected, including electricity (3-phase), gas, water and drainage.

We understand the property has consent for Use class E and B2/B8.