{"loaderData":{"0-3":{"propertyListing":{"building":{"id":"761075386151440","summary":"FREEHOLD PART-LET INDUSTRIAL INVESTMENT OPPORTUNITY","archived":false,"description":"Premier industrial estate location

7 units totalling 29,508 sq ft in two blocks

4 No. let and income producing; 3 No. vacant

Asset management opportunities

FREEHOLD PART-LET INDUSTRIAL INVESTMENT OPPORTUNITY

Detailed Description

The property extends to a total of seven industrial and warehouse units, constructed in the 1990's of steel portal frame construction, a number of which were refurbished in 2024.

The property comprises one block of three units (No.'s 10-12) with forecourt, side and rear yard areas and a further block of four units (No.'s 18-21) with forecourt loading, parking and circulation.

Each unit benefits from vehicular loading access doors together with office and amenity facilities. Minimum eaves of approx. 5.50m.

The property has a site area of approximately 1.5 acres (0.61 hectares).

Location

The Hardwick Industrial Estate is situated approximately two miles south east of Kings Lynn town centre, being accessed off the A149 Hardwick Road, close to the Hardwick roundabout, the main intersection of the A47/A17 Norwich to Peterborough/Newark road and A10 Ely/Cambridge road.

Major occupiers on the wider Hardwick Estate include Foster Refrigeration, Mars UK, Screwfix, B&Q, Edmundson Electrical. The subject property fronts Denney Road, off Rollesby Road towards the northern end of the estate.

We have not carried out tests on any of the services or appliances and interested parties should arrange their own test to ensure these are in working order.

Strictly by appointment with the sole selling agent:-

The seller is VAT registered and it is proposed the transaction be treated as a TOGC (Transfer of a Going Concern). Further details on application.

Each party will be responsible for their own legal costs incurred in documenting the transaction.

Investment Summary
\tA freehold part-let industrial/warehouse investment
\tWell located on Kings Lynn's premier and most established industrial estate
\tSeven units of which four are let and producing £112,053 pax with three offered with vacant possession
\t29,508 sq ft GIA with ERV when fully let of circa £210,940 pax
\tAsset management opportunities to enhance income
\tAvailable to purchase freehold at a price of £2,275,000
\tA purchase at this level reflects a Net Initial Yield of 8.00% after purchaser's costs on the let units, and circa £72.50 per sq ft on the vacant space

The properties are held freehold. The let units are typically let on
full repairing and insuring leases with a service charge to recover
common part expenditure. The service charge year runs from 1st
July and currently stands at £0.77 per sq ft.","disclaimer":{"raw":"Disclaimer - Property reference 451116FH. The information displayed about this property comprises a\n property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of\n the advertisement or any linked or associated information, and Rightmove has no control over the\n content. This property advertisement does not constitute property particulars. The information is\n provided and maintained by BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich. Please contact the selling\n agent or developer directly to obtain any information which may be available under the terms of\n The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations\n 2007 or the Home Report if in relation to a residential property in Scotland.\n"},"transactionType":"SALES","amenities":[],"keyFeatures":["Premier industrial estate location","7 units totalling 29,508 sq ft in two blocks","4 No. let and income producing; 3 No. vacant","Asset management opportunities"],"environment":{"epcRating":null,"breeamRating":null,"environmentalDescription":null},"pricing":{"price":2275000,"displayQualifier":"NONE","frequency":null,"rentObligation":null},"useClasses":[],"tenureType":null,"tenureYearsRemaining":null,"parkingSpaces":null,"yearBuilt":null,"yearRenovated":null,"listedBuilding":null,"numberOfFloors":null,"planningPermission":null,"businessForSale":false,"media":{"brochures":[{"uri":"property-brochure/70e8591b9/761075386151440/70e8591b951554be384c34c7b6163afc.pdf","description":"Kings Lynn, Hardwick industrial Estate"}],"photos":[{"uri":"property-photo/541cb632a/761075386151440/541cb632aa2fcdc028a6652fefc3a166.jpeg","description":"Photo 19"},{"uri":"property-photo/4d08009f0/761075386151440/4d08009f02c03e6f91b65b9e32f125c9.jpeg","description":"Photo 16"},{"uri":"property-photo/62040e436/761075386151440/62040e43630fe69b324fa8fde0b9adb1.jpeg","description":"Photo 13"},{"uri":"property-photo/ee10b0436/761075386151440/ee10b0436af217767ab5c1f7771de9ae.jpeg","description":"Photo 4"},{"uri":"property-photo/177fcdacb/761075386151440/177fcdacb27bb2c05acb9e9f48bef63a.jpeg","description":"Photo 17"},{"uri":"property-photo/3cac7a63e/761075386151440/3cac7a63ef89cab621469a9b6049c9e3.jpeg","description":"Photo 18"},{"uri":"property-photo/97e7109d2/761075386151440/97e7109d2c122876c5f77c5ebe46bcaa.jpeg","description":"Photo 14"},{"uri":"property-photo/a0f73decf/761075386151440/a0f73decf6dcf82c58484929356fb4c4.jpeg","description":"Photo 2"},{"uri":"property-photo/36dd4243f/761075386151440/36dd4243ff1adfa8cdf137fcc3e43544.jpeg","description":"Photo 5"},{"uri":"property-photo/f756d16de/761075386151440/f756d16de24f8a3b2b180ccd778fe3a5.jpeg","description":"Photo 6"},{"uri":"property-photo/62718d4e9/761075386151440/62718d4e954100385d7bdc20b5467370.jpeg","description":"Photo 8"},{"uri":"property-photo/f12eeeaca/761075386151440/f12eeeacad701327d3888ab7483a2412.jpeg","description":"Photo 3"},{"uri":"property-photo/c28137620/761075386151440/c2813762084cfaef97bcfb078b435259.jpeg","description":"Photo 1"},{"uri":"property-photo/56fea9404/761075386151440/56fea94047bde7df58cd6a61fe62af14.jpeg","description":"Photo 7"},{"uri":"property-photo/bf3190b15/761075386151440/bf3190b15d39eb8ed32e09d31363ce99.jpeg","description":"Photo 9"},{"uri":"property-photo/800bbb209/761075386151440/800bbb20950f4edcc049453a35691e0f.jpeg","description":"Photo 10"},{"uri":"property-photo/f0dd978e2/761075386151440/f0dd978e22c1f3f33d7f107b24f9fe72.jpeg","description":"Photo 11"},{"uri":"property-photo/003936d45/761075386151440/003936d450c4c6fe30b2b18741ae1d64.jpeg","description":"Photo 12"},{"uri":"property-photo/ea5f39d54/761075386151440/ea5f39d546e525beed9c50fc9b4dac4b.jpeg","description":"Photo 15"}],"floorPlans":[],"virtualTours":[],"videoTours":[],"epcs":[],"epcGraphs":[]},"sizing":{"unit":"SQFT","size":29508,"minSize":null,"measurementType":null,"maxSize":null},"location":{"displayAddress":"Unit 10-12 & 18-21, Denney Road, Hardwick Industrial Estate, King's Lynn, Norfolk, PE30 4HG","showMap":true,"postcode":{"incode":"4HG","outcode":"PE30"},"streetView":null,"latitude":52.748169,"longitude":0.419074},"nearestStations":[{"distance":0.773329108763022,"name":"Kings Lynn Station","types":["NATIONAL_TRAIN"],"unit":"miles"}],"agents":[{"name":"BROWN & CO-PROPERTY AND BUSINESS CONSULTANTS LLP, Norwich","email":null,"profileUrl":"/estate-agents/agent/Brown-and-Co/Norwich-189281.html","logo":"/partner-logo/19743440-LOGO-1765970697.png","id":189281,"description":"","telephoneNumber":"01603 361693","morePropertiesFromAgentUrl":"/commercial-property-for-sale/find/Brown-and-Co/Norwich.html?locationIdentifier=BRANCH%5E189281&propertyStatus=all&includeLetAgreed=true&_includeLetAgreed=on","primaryBrandColour":null}],"owner":null,"primaryPropertyClassification":{"propertyClassificationSubType":"OTHER","propertyClassificationType":"OTHER","offices":null,"industrialAndLogistics":null,"leisureAndHospitality":null,"retail":null},"secondaryPropertyClassifications":[],"letType":null,"letContractLength":null,"status":"AVAILABLE","availableDate":null,"serviceCharge":0,"businessRates":0,"isRentAllInclusive":null,"products":{"commercialSearchProminenceEnabled":false,"featuredProperty":false,"premiumListing":false,"premiumListingLabel":null},"auction":false,"spaces":[]}},"mediaParams":{"mediaType":"photos","mediaIndex":17}}},"actionData":null,"errors":null}