Wakefield Road, Scissett, HD8

FANTASTIC INDUSTRIAL INVESTMENT/DEVELOPMENT OPPORTUNITY LOCATED IN THE CENTRE OF SCISSETT A rare opportunity to purchase an established industrial investment site with potential for increasing rental income and/or future development potential (subject to the necessary consents). Dearne Works comprises of 11 units and is currently producing £37,224 per annum with potential to increase further. Located in the centre of Scissett, the property offers great potential and viewing is highly recommended.

LOCATION

The property is located in the centre of Scissett, approximately 10 miles to the Southeast of Huddersfield Town Centre, 9 miles from Wakefield City Centre and 6 miles from Junction 39 of the M1 Motorway. Dearne Works primary access is off Barnsley Road, through the car park into the shared yard. Access to the majority of the properties is here with Units 10 & 11 being accessed off Wakefield Road. Wakefield Road is owned by SG Blackburn and there is no right of way except for a walking right of way for the current tenants and the statutory rights access for maintenance.

PROPERTY

The property comprises 11 units which are currently used for industrial, storage and workshops. Units 1-5 form part of a large modern unit which has been split with each unit having its own access and 3 of the units having automatic roller shutter doors. There are 3 single storey workshops and units 10 & 11 which are currently owner occupied provide further workshop and industrial space with a small office.

TENANCY SCHEDULE

UNIT SIZE TENANT RENT 1A 678 sq ft (63 sq m) Fusion Business Solutions £300pcm 1b 1162 sq ft (1082 sq m) Ed Morton £300pcm 2 2,292 sq ft (213 sq m) Ronan Developments £742pcm 3 663 sq ft (61.6 sq m) Ed Morton £150pcm 4 491 sq ft (45.6 sq m) Corrie Johnson £200pcm 5 478 sq ft (44.4 sq m) Karl Wood £250pcm 6 (Mezzanine) 1,162 sq ft (108 sq m)Vacant Vacant 7 1,679 sq ft (156 sq m) Lockwood Brothers £600pcm 8 786 sq ft (74 sq m) MKB Garden Services £300pcm 9 813 sq ft (75.5 sq m) 172 sq ft (mezz) Andy Wood £260pcm 10 Owner occupied Nil 11 Owner occupied Nil £3,102pcm (£37,224 per annum) All Tenants are on informal agreements and effectively holding over as the agreements have expired. No rent reviews have been carried out recently therefore we believe the units are under rented.

RATEABLE VALUES

Interested parties are advised to make their own enquiries to the local authority.

PROPOSAL

We are seeking guide price of £690,000. For further information or an appointment to view please contact Gina Powell gina. or Rebecca Blyth Rebecca. on .

ADDITIONAL INFORMATION

EPC rating – Awaiting information. Property tenure – Freehold Local authority – Kirklees Council