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Commercial Properties For Sale in East Midlands

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Riverside Industrial Estate, Market Harborough, Leicestershire
Light Industrial

A substantial industrial site, regular in shape and predominantly hardstanding, extending to 2.43 acres and comprises two modern industrial buildings. Unit 1 comprises a three-bay warehouse built circa 1980s of steel portal frame construction with brick, block and profile steel clad elevations beneath a pitched roof with similar profile steel cladding and incorporating translucent roof light panels. The front elevation comprises a full height electrically operated roller shutter on each bay accessed via a concrete surfaced yard. The floor is of solid concrete construction throughout. Internally, the accommodation is unencumbered and has the benefit of lighting and three phase power with an eaves height of circa 5.73m. Unit 2 is a two-bay warehouse built circa 1997 of steel portal frame construction with similar brick, block and profile steel clad elevations beneath an insulated profile steel sheet roof of pitched design. Again, translucent roof light panels are incorporated into the roof providing natural light. Each bay has the benefit of full height electrically operated roller shutter loading doors accessed via a concrete surfaced yard. The floor is of solid concrete construction throughout and the eaves ranges from 6.04m in one of the bays and 7m on the other. Internally, the property is predominantly clear and unencumbered throughout, benefitting from three phase power and LED lighting. Externally there is a concrete surfaced yard providing car parking and...

Innes England Ltd, Leicester Estate Agent Logo
Commercial
Marketed by Innes England Ltd, Leicester
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3 & 5 Freeston Drive, Blenheim Industrial Estate, Nottingham, NG6 8UZ
Commercial Property

Comprising 39,306 sq ft across two industrial/trade counter units, the property currently produces £264,460 per annum, with an attractive WAULT of 5.22 years to expiry. The investment has also benefited from over £660,000 of recent capital expenditure, significantly enhancing the specification and presentation of the property. - £264,460 pa passing rent (£6.73 psf). - £294,795 pa ERV, providing clear rental reversion. - Terms agreed with ASHI Group on a new 15-year lease to Unit 3 at £116,393 pa (£6.82 psf). - Immediate 6.3% rental uplift on completion of the agreed Unit 3 letting. - Improved covenant profile, with ASHI rated Very Low Risk (91A). - Smith Brothers Stores also provides a Very Low Risk (77A) covenant. - £446m+ combined tenant turnover assuming completion of the ASHI letting. - Established Blenheim Industrial Estate location with excellent access to the A610 and M1 Junction 26. - Over £660,000 of recent capital investment in the estate. - Offers in excess of £3.3m, reflecting a 7.53% NIY and 8.39% reversionary yield. - Attractive capital value of just £83.97 psf. - Further potential to enhance long-term value through extension of the two long leasehold interests. The agreed letting to ASHI provides an investor with immediate income growth and a significant improvement in covenant strength, whilst the current ERV of £294,795 provides further rental upside over the medium term. Combined with

Commercial Property Partners Ltd, Nottingham Estate Agent Logo
Commercial
Marketed by Commercial Property Partners Ltd, Nottingham