The property was built for Royal Mail as their delivery and sorting office. It is a detached industrial/warehouse building of steel portal frame construction with brick and block walls under a tiled mansard style roof. The property has an eaves height of 6.7m with a maximum of 7.9m in the ground floor warehouse space. The building sits on a 0.428 acre site benefitting from a concrete brushed finish. The secure yard has 11 marked car parking spaces, and there are a further 9 allocated car parking spaces to the side of the property.

The ground floor warehouse benefits from suspended strip lighting, gas fired warm air blowers, vinyl flooring throughout, single and double personal access doors, two small private offices, male and female WC's and a disabled WC. The first floor has open plan office accommodation and a staff room/canteen benefiting from a suspended ceiling with mineral fibre tiles, fluorescent strip and LED lighting, gas fired heating system, carpet and vinyl flooring, kitchen with hot water heater.

Planning: For a Royal Mail Sorting Office or B1 Light Industrial Use.

Total rent reserved of £37,780 per annum exclusive.

Net Initial Yield: 5.75%
(Assuming purchase costs of 6.8%)

Freehold for sale.

Building: 5,477 sq ft (GIA).

Site: 0.428 acres.

Let to Royal Mail Limited until 18th March 2028.

An affluent and historic market town

The premise is let entirely to Royal Mail Group Limited on a 10-year FRI lease commencing 19th March 2018. The passing rent is £37,780 per annum and the lease is within the provisions of the Landlord and Tenant Act 1954.