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The Grange Industrial Estate, Rawcliffe Road, Goole, East Riding of Yorkshire, DN14

Guide Price
£5,250,000

£67.62 per sq ft

Business rates & charges may apply

PPH Commercial Limited, Hull
SIZE AVAILABLE

77,639 sq ft

7,213 sq m

SECTOR

Commercial property for sale

Key features

  • Multi-let highly reversionary industrial investment opportunity in Goole, DN14
  • Located in a popular industrial location with excellent road links within 0.5 miles of junction 36 of the M62
  • Total site area extends to 5.38 acres, providing a total of 77,639 sq ft of industrial accommodation
  • Let to 22 occupiers providing extensive asset management opportunities
  • Average low base rent of £4.87 per sq ft with potential to grow the income imminently through letting of vacant units and various lease events
  • Highly reversionary, with a passing rent of £407,995 per annum and a reversionary rent of £564,229 per annum
  • Freehold

Description

The Grange Industrial Park comprises 25 workshop/light industrial/trade counter units, ranging in size from 730 sq ft up to 10,780 sq ft. It provides 77,639 sq ft in total. The front of the site is occupied by predominantly trade units with the Salvation Army and Angling Direct occupying 2 units with a further trade units available to let.

The rear of the site is occupied mainly by local covenants. The units are predominantly single storey, steel portal frame construction with varying specifications and fitouts which have generally been completed by the occupying tenant.

A former residential dwelling occupies the site in the centre of the estate which will be demolished and left as a cleared site by the current owner and will then provide the opportunity for additional redevelopment or creating a storage compound which could be rentalised.

To the rear of the site is an additional open storage space which provides further opportunity for either redevelopment or to let the space as a compound.

Multi-let highly reversionary industrial investment opportunity in Goole, DN14

Located in a popular industrial location with excellent road links within 0.5 miles of junction 36 of the M62

Total site area extends to 5.38 acres, providing a total of 77,639 sq ft of industrial accommodation

Let to 22 occupiers providing extensive asset management opportunities

Average low base rent of £4.87 per sq ft with potential to grow the income imminently through letting of vacant units and various lease events

Highly reversionary, with a passing rent of £407,995 per annum and a reversionary rent of £564,229 per annum

Freehold

Brochures

The Grange Industrial Estate, Rawcliffe Road, Goole, East Riding of Yorkshire, DN14

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Goole Station0.6 miles
  • Rawcliffe Station3.3 miles
  • Saltmarshe Station3.5 miles

About PPH Commercial Limited, Hull

Unit 5, First Floor, Pavillion House, Hesslewood Office Park, Ferriby Road, Hessle HU13 0LG

Notes

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Disclaimer - Property reference 22974FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PPH Commercial Limited, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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