6 Second Drove, Peterborough, PE1 5XA
£97.74 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,604 sq ft
428 sq m
- SECTOR
Light industrial facility for sale
Key features
- Terraced industrial / warehouse investment
- Parking to the front of the unit
- Two roller shutter doors, offices and mezzanine floor
- Let to ACE Branded Tyres Ltd until 2035 without break (11 years + remaining)
- Eaves height of 3.96m
- Approximately 1 mile from the city centre
- Over £370,000 of income over the lease (approx. 7.4% gross yield)
Description
The property is a terraced industrial / warehouse unit with a pitched roof, together with parking to the front.
It is let to ACE Branded Tyres Ltd until 30th June 2035 (without break) on a full repairing and insuring lease.
number 08762390. The company was formed in 2013. A 1 month deposit is held.
The passing rent is £30,000 per annum with fixed increases to £32,500 per annum from July 2025 and to £35,000 per annum from July 2030. The income over the term of the lease equates to over £370,000 (approx. 7.4% gross yield).
Viewings
Strictly by appointment with the sole agents.
Location
Second Drove is located off Fengate in Eastern Industry, an established industrial/commercial area approximately 1.5 miles east of Peterborough city centre.
The Frank Perkins Parkway (A1139) is approximately 1 mile west and forms part of Peterborough's dual carriageway road system which links to the A1(M), A15, A47, and A605.
Terms
The property is available for sale subject to the existing lease - guide price of £450,000 (£97 per sq ft).
Brochures
6 Second Drove, Peterborough, PE1 5XA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peterborough Station1.4 miles
- Whittlesea Station4.5 miles
About Savills, Peterborough
Stuart House, City Road, Peterborough, PE1 1QF
Notes
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