Unit 3, Wharton Place, Foxby Lane
£199,950
For Sale
1/6
£199,950
For Sale
Get in touch
Jamie Thorpe
MSc MRICS
Chartered Surveyor
03301280939
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Property summary
Investment Opportunity 1,560 sqft£199,950+vatNIY of 6.7% 5m Eaves height 5 year lease at £13,500+vat per annum exclusive 3rd year break optionGet in touch
Jamie Thorpe
MSc MRICS
Chartered Surveyor
03301280939
More about the property
*INVESTMENT OPPORTUNITY* – Unit 3 comprises a brand new light industrial unit that is being sold as a packaged investment with tenant in situ.
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DESCRIPTION
The Property has been let on a new 5 year FRI lease, at an annual rent of £13,500+vat per annum exclusive, giving a 6.7% NIY or thereabouts. The lease contains a break option provision at the end of the 3rd year.
The Property has been let on a new 5 year FRI lease, at an annual rent of £13,500+vat per annum exclusive, giving a 6.7% NIY or thereabouts. The lease contains a break option provision at the end of the 3rd year.
SITE LOCATION
Wharton Place will be conveniently located on Foxby Lane Business Park in Gainsborough’s prime commercial district, with easy access to the A1, M180 and A15 road networks and is only a 35 minute drive from both Lincoln city centre and Doncaster airport.
Wharton Place will be conveniently located on Foxby Lane Business Park in Gainsborough’s prime commercial district, with easy access to the A1, M180 and A15 road networks and is only a 35 minute drive from both Lincoln city centre and Doncaster airport.
WHARTON PLACE
Wharton Place is a brand new gated development by reputable regional developer Stirlin. The site comprises 10 Brand new business units ranging in size from 1,302 - 2,538 sqft.
Wharton Place is a brand new gated development by reputable regional developer Stirlin. The site comprises 10 Brand new business units ranging in size from 1,302 - 2,538 sqft.
SERVICES
Mains electricity and water are available to the property. None of the services have been tested and interested parties are advised to satisfy themselves in the regard.
Mains electricity and water are available to the property. None of the services have been tested and interested parties are advised to satisfy themselves in the regard.
LEGAL COSTS
Each party will be responsible for their own legal costs.
Each party will be responsible for their own legal costs.
VIEWING
Viewing is strictly by appointment with the sole agents:
Jamie Thorpe
jthorpe@pygott-crone.com
07741 234364
Viewing is strictly by appointment with the sole agents:
Jamie Thorpe
jthorpe@pygott-crone.com
07741 234364
