Walkmill Business Park, Market Drayton, Shropshire, TF9
£75.91 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
8,826 sq ft
820 sq m
- SECTOR
Workshop for sale
Key features
- FULLY-LET INVESTMENT
- WELL-SECURED very low-density workshop estate
- Net Income of £62,446 per annum
- Reversionary with very low rents from £3.08 psf
- MULTI-LET for a variety of uses
- Low site coverage
- NOT elected for VAT
- Net Initial Yield 8.86%
- Reversionary Yield 10.66%
- Low Capital Value of £76 per sq ft
Description
The majority of the accommodation is contained within the main building which has been sub-divided into 7 self-contained workshop units, including Unit 5 which has been fitted out as an oWice.
This building benefits from a profile metal roof was installed in 2020.
The general internal specification of the main building includes suspended ceilings, breeze block walls, sealed concrete floors, strip lighting and electric wall heaters.
Unit 5 has been fitted out to a good standard to include suspended ceiling, raised floor, a/c heating and cooling, double-glazed windows, kitchen, male and female w/c's and several meeting rooms.
The units sit within a well maintained, landscaped site with a tarmac driveway and extensive crushed stone car parking and benefits from three separate gated access points.
The low site coverage of approximately 25% provides good development potential (STP) and previously planning permission was granted for an additional 2,000 sq ft unit on the site, although this has since lapsed.
The property provides excellent prospects for rental growth and there is opportunity for value enhancement through active asset management.
Brochures
Walkmill Business Park, Market Drayton, Shropshire, TF9
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Prees Station8.3 miles
Notes
Disclaimer - Property reference WalkmillBusinessPark. 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 Edwards Property Consultants, Manchester. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edwards Property Consultants, Manchester on 0161 524 8075.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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