Unit 4, Stoneacre, Knaresborough, HG5 8PJ
Size
4,600
Tenure
Freehold
EPC
Parking
Ask agent
- Primary use
- Other
- Other use(s)
- Other, Light industrial
No floor / site plan
Key features
- Single Let Investment / Vacant Possession Potential
- Single let on a 10-year lease (expiry: February 2029) - approx. 3 years unexpired term
- Office/Warehouse Hybrid
- Passing rent: £38,400 per annum (£8.35 psf)
- Tenant: Natal Angels Ltd (T/A My Expert Midwife) – an award-winning pregnancy and newborn skincare brand founded in 2017
- Offers invited in excess of £550,000 (STC, exclusive of VAT)
- Net Initial Yield of 6.67% and low capital value of £115 per sq ft
- 9 Dedicated parking spaces
- 4.77m eaves
- Electronic roller shutter
Description
Purpose built hybrid warehouse offering 4,600 sq ft of open plan warehouse space and first floor offices, located on the established St James Business Park with excellent access to the A59 and A1(M).
Single let on a 10-year lease, expiring 28th February 2029 (approx. 3 years unexpired).
Passing rent £38,400 per annum (£8.35 psf).
Tenant: Natal Angels Limited (09624803) T/A My Expert Midwife.
My Expert Midwife are an award-winning pregnancy and newborn skincare brand which was co-founded in 2017.
Rent review not implemented / outstanding from March 2024.
The current tenant has indicated they are looking to vacate at the earliest opportunity – vacant possession can be made available.
Offers are invited in excess of £550,000 subject to contract and exclusive of VAT.
A purchase price of £550,000 would reflect a Net Initial Yield of 6.67% and low capital value of £115 per ft². The investment has a potential reversionary yield of 7.97%, based on a potential market rent at £10.00 per ft².
Location
The property forms part of an established estate of warehouse and industrial units located on the popular St James Business Park, benefiting from excellent road connectivity via the A59 and Junction 47 of the A1(M), with Harrogate town centre approximately 4 miles away.
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- Ask agent
- Listed building
- Ask agent
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
Unit 4, Stoneacre, Knaresborough, HG5 8PJ
About Fox Lloyd Jones, Leeds
Fox Lloyd Jones are a niche firm of chartered surveyors providing market-leading commercial property advice across a range of Property sectors including offices, industrial, retail / leisure and residential land.
Your search history
You have no recent searches
Disclaimer - Property reference 355009-1. 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 Fox Lloyd Jones, Leeds. 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.