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Units 1-8 Manby Road Industrial Estate, Immingham, North East Lincolnshire, DN40 2LH

Guide Price
£2,250,000

£74.26 per sq ft

Business rates & charges may apply

PPH Commercial Limited, Scunthorpe
SIZE AVAILABLE

30,300 sq ft

2,815 sq m

SECTOR

Commercial property for sale

Key features

  • Industrial Investment yielding an income of £167,025 per annum
  • Fully let industrial investment opportunity, located close to Immingham Dock
  • Popular/well established industrial location with excellent road links close to Immingham Dock and the A180/M180.
  • Price £2.25m (NIY 7%)
  • Site Area 1.85 Ha (2.09 acres)
  • Let to 5 quality tenants with credit references of A's & B's
  • Potential reversionary rent of £181,810 per annum based upon a ERV of £6/ sq ft (NIY 7.62%)
  • Freehold proposal, we are instructed to seek offers in excess of £2.25million, subject to contract and exclusive of VAT
  • A purchase at this level would reflect a Net Initial Yield (NIY) of 7% allowing for typical purchaser's costs (6.03%)
  • A sale at £2.25 million reflects a capital value of £74.26/sqft

Description

The property comprises eight industrial units, three of which are presently fully inter connected and provide a total of 2,814.9 sqm (30,300 sq ft). The development comprises two standalone terraces, accessed via a central roadway. The units themselves are of steel portal frame construction, enclosed with brick/blockwork elevations having pitched insulated clad roofs above, which also incorporate certain translucent panels to provide natural light.

The units themselves have been sub-divided to create certain office accommodation together with WC facilities and there are also numerous mezzanine storage and additional office accommodation which have been added. Externally, each unit benefits from a good sized concrete surfaced yard area for parking and loading/unloading accessed via the central roadway.

Brochures

Units 1-8 Manby Road Industrial Estate, Immingham, North East Lincolnshire, DN40 2LH

Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Habrough Station2.6 miles
  • Stallingborough Station2.7 miles
  • Healing Station3.5 miles

About PPH Commercial Limited, Scunthorpe

First Floor, Prince House, Arkwright Way, Scunthorpe DN16 1AD

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 26391FH. 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, Scunthorpe. 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.

Map data ©OpenStreetMap contributors.

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