Heathfield Industrial Estate, Heathfield Street, Elland, HX5 9AE
£89.29 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
16,800 sq ft
1,561 sq m
- SECTOR
Distribution warehouse for sale
Key features
- Level loading door
- Roof lights
- Service yard
- Investment
Description
Heathfield Industrial Estate comprises 9 workshop / light industrial units totalling 16,800 sq ft, with units ranging in size from 1,180 sq ft to 3,120 sq ft.
The industrial estate is situated in a popular industrial location in Elland with excellent road communications and within 2 miles of Junction 24 of the M62.
Heathfield Industrial Estate is let to 5 tenants on short term leases providing a total passing rent is £98,060 pa, reflecting an average rent of £7.40 psf. The total ERV is estimated at £152,790 pa, reflecting an average rent of £9.09 psf, and a potential 56% reversion. The WAULT to lease expiry is 0.71 years and to breaks is 0.39 years. The short-term lettings and recent void represent a significant asset management opportunity.
The units are of single storey, steel portal framed construction and benefit from the following specification:
Concrete floors
Brickwork / stone elevations
Profile clad sheeting
Mono-pitched profile metal sheet roof incorporating translucent roof lights
Single ground level loading door to the front elevation
LED / fluorescent strip and sodium lighting
Office accommodation
WC facilities
Shared yard area
We are instructed to seek offers in excess of £1,500,000, subject to contract and exclusive of VAT. A purchase at this level would reflect a very low capital value of £89.29 psf and a reversionary yield of 9.60% based on our opinion of ERV, (assuming usual purchasers' costs of 6.10%).
The property is situated on Heathfield Street which is accessed off the B6114 Dewsbury Road via Westbury Street close to Elland Town Centre, West Yorkshire.
Elland is a popular industrial location situated approximately 5 Miles South of Halifax being the central business district of the Metropolitan Borough of Calderdale. Excellent main road communications exist with Junction 24 of the M62 Motorway located within 2 miles. The industrial estate is surrounded by residential suburbs offering good access to local work force.
Leeds City Centre is located 15 miles to the East and Manchester City Centre approximately 20 miles to the West.
Brochures
Heathfield Industrial Estate, Heathfield Street, Elland, HX5 9AE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Brighouse Station2.3 miles
- Halifax Station2.6 miles
- Huddersfield Station3.2 miles
About Knight Frank, Leeds - Commercial
9 Bond Court, Leeds, LS1 2JZ
Knight Frank is the leading independent, global real estate consultancy providing an integrated prime commercial and residential offering, operating in key hubs across the globe.
Headquartered in London with 244 offices, employing more than 7,067 professionals and spanning five continents, Knight Frank provides the highest standards of quality and integrity in global residential and commercial property advisory services. Our reputation for uncompromising professionalism in everything we
Notes
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