Commercial property for sale in Norwich, Norfolk NR15

Emf is pleased to present Oakside Light Industrial, a prime freehold opportunity located in the Norfolk town of Long Stratton. This site offers an ideal investment for those seeking to acquire a well-established industrial estate in a strategic location, which offers easy access to the city of Norwich and either the A11, or A12 routes to London.

The business

Oakside Light Industrial Estate encompasses a collection of well-constructed and maintained industrial units, each equipped with essential facilities to support diverse business operations. The estate is known for its ease of access on the main A140 road between Norwich and Ipswich, making it a sought-after location for various enterprises.

The site currently produces a gross income of circa £90,000 per annum; however, when fully let at market rent and with the additional unit available to be constructed, this should be expected to rise to be in the region of £100,000 per annum.

There would appear to be good scope to further develop the site should a new owner so wish, and we understand that additional land to the front of the site, as well as a larger field directly behind the site, may also be available to acquire by separate negotiation.

Premises

The estate features a range of industrial units, open storage compounds, and garages, all designed to meet the demands of modern business operations.

Key features include:

• Numerous fire extinguishers distributed and accessible on site (safety checked annually).
• Single-phase power supply to the entire site.
• Select units upgraded to 16A for enhanced electrical capacity.
• All units fitted with a separate w.c., hand-wash basin, basic kitchen facilities, and hot and cold water supplies.
• All units are well-lit, ensuring a productive working environment.
• All units and garages have insulated roofing for energy efficiency.
• 14 Units (numbered 4 to 17 inclusive), and one more potential unit (portal frame already on site in ‘kit form’ - to be numbered Unit 22).
• 13 lock-up steel door garages (designated A to M inclusive).
• 4 open storage compounds (numbered 18 to 21 inclusive) with lockable gates and hard-standing adequate to support heavy vehicles or equipment.
• 3 storage containers, each 40 feet in length (numbered 23 to 25 inclusive).
• All units are of concrete block construction, with steel sheet roofing and internally insulated sterling board ceilings.
• Units 4 to 9 inclusive are all built with steel frame and panel tall opening doors (approx. 3.5m/11'6'’) to allow high vehicle access, with a lockable personnel access door incorporated in the main door.
• Units 10 and 13 have the same, though lower, door configuration as Units 4 to 9, whilst Units 11 and 12 have steel roller shutter doors, each with a separate personnel door.
• Units 14 to 17 inclusive are each built with a main steel roller shutter door, a high-security steel personnel door, and a steel fire escape door.
• Full occupancy since initial development in 2015, in a quiet, private location attractive to tenants.
• No VAT charges (there is not an option to tax on the property).
• Utility and insurance costs are recharged to tenants.
• Tenants are responsible for individual business rates.
• An additional unit is available to be constructed subject to discussion with interested parties.
• Additional land which may be suitable for further development (subject to planning) may also be available by separate negotiation.
• Currently producing circa £90,000 per annum Gross Rental Income with an expected rent fully let at fair market rent to be in the region of £100,000 per annum.

additional information

agents note: This is a business for sale as a going concern, not an empty premises for sale or let.

Confidential information: In order to release further information on the business – such as the accounts, we require you to complete a short online non-disclosure form. Please contact our office and we will provide full instructions and assist where required.

Reference number: INV36079E.

Opening hours: Not Applicable.

Tenure: Freehold.

Rates payable: The Tenants are responsible for the Business Rates payable for each individual unit.

This information has been provided to us by the vendor and any interested party is advised to enquire of the local authority to check the position with regards to business rates that will apply to a new owner.

Staff: Not Applicable.

EPC: The Energy Performance Certificate for the site shows a rating of ‘76/D’ - full document available on request.

Price: £1,250,000.--

For the benefit of the freehold site and properties thereon subject to the existing tenancies currently in place.

Viewing: Strictly by appointment only, please get in touch to make an appointment.

Finance: We may be able to help you with business financing or your commercial mortgage needs, subject to eligibility. Please let us know if you need our assistance with this and we will put you in touch with our recommended whole of market broker.

Business to sell: Thinking of selling your business? That's our business!

If you are interested in finding out how much your business is worth, we offer a free and confidential valuation service. You can choose the time and day that suits you best, and we will give you an honest and professional assessment. Please contact our office at your convenience to book an appointment.

Premier marketing: We are passionate about showcasing our businesses in a way that sets us apart from others. We provide quality property details and comprehensive information on all online platforms and our own website. If you want your business to stand out from the crowd, call us to book a free valuation.



disclaimer

1. Money Laundering Regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets, flooring or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly, we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.