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Property for sale

Coulman Road, Thorne, Doncaster

Removed £995,000

Property Description

Key features

  • Good quality industrial unit with additional 1.95 acres of land with planning permission granted for the erection of a 50,000+ sq.ft. warehouse
  • Unbroken 10 year lease term
  • Fixed rental uplift after 5 years
  • Total site area 3.06 acres
  • Low capital value of only 31.13 per sq. ft. on existing warehouse
  • Excellent motorway access to junction 6 of the M18 within 2 miles
  • Net Yield: 11.4% Reversionary yield from 2020: 12.9% 1.95 acres of land with planning consent valued at 200,000 per acre

Full description

Tenure: Freehold

Excellent sale and lease back investment opportunity including large development plot with extant planning consent.

The property forms a steel portal frame industrial/distribution unit, providing an eaves' height of approximately 5 meters. There are two full height roller shutter doors, providing access to the unit from the hard-standing yard area to the south elevation of the unit. There is a further full height roller shutter door to the west elevation.

The original industrial unit was constructed circa 2003 with an additional extension constructed during 2009. The unit has the benefit of a good-sized hard-standing yard area to the west elevation of the property.

There is a further 1.95 acres of land immediately to the north of the subject property, which has been granted planning permission for the erection of a 51,422 sq. ft. industrial warehouse. This consent was granted on 29th June 2006 and we understand that, as the footings were laid for the construction of this additional accommodation, the planning consent is still in force.

More information from this agent

Listing History

Added on Rightmove:
06 July 2016

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