Industrial for sale in Unit 1E Magna 34 Business Park, Temple Road, Templebrough, Rotherham S60
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- New build industrial/trade unit let to undoubted covenant
- Excellent Position on Sheffield Road, Close to J34 M1
- A new 10 year lease with a passing rent of £57,500 per annum
- Quoting price £875,000, Net Initial Yield of 6.22%
Property description
Unit 1E Magna 34 Business Park is a brand new industrial/warehouse unit let to Huws Gray Ltd. The unit completed construction in November 2023.
The unit provides the following specification:
> 5,751 sq ft gia
> 6m Eaves Height
> Modern Fitted Out Office Accommodation
> Full Height Roller Shutter Loading Door Access
> Secure yard and parking area
> 10 Parking Spaces
Lease Terms
Let to Huws Gray Ltd (Company No.: 02506633)
A new 10 year lease from 23 Nov 2023
Tenant only break option at Year 5, subject 6 months notice
Passing Rent: £57,500 pa
Rent Review at Year 5 to the higher of passing or Open Market Rent
The tenant shall be granted 2 months rent should they not exercise their break at Year 5
The Tenant
Huws Gray is the UK's largest independent builders' merchant, supplying building materials to trade and diy customers from over 250 locations across England, Scotland and Wales. The group had a turnover of £1,553,525,000 and a pre tax profit of £66,751,000 in their year ending Dec 22 accounts.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Commercial Property Partners, S1 on +44 114 446 9211 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Commercial Property Partners, and do not constitute property particulars. Please contact Commercial Property Partners 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.