Mr Fothergills Seeds Ltd, Gazeley Road, Kentford, CB8 7QB
Size
63,200
Tenure
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EPC
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Parking
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- Primary use
- Other
- Other use(s)
- Warehouse, Factory
No floor / site plan
Key features
- Substantial commercial investment opportunity
- Let to Mr. Fothergill's Seeds Limited, the property's long-established occupier.
- £350,000 per annum exclusive in Years 2 and 3, increasing to £367,500 per annum
exclusive in Years 4 and 5 - 10 year lease with break at year 6
- For Sale
Description
The lease provides for rental income of £350,000 per annum exclusive in Years 2 and 3, increasing to £367,500 per annum in Years 4 and 5, with an upward-only rent review in Year 5 to the higher of CPI (subject to a 2%-4% collar and cap) or Open Market Rent. The investment offers an attractive net initial yield of approximately 8.76%, rising to 9.20% in Year 4, allowing for normal purchaser's costs.
Conveniently located close to the A14, approximately 5 miles from Newmarket, 19 miles from Cambridge and 10 miles from Bury St Edmunds, the property also benefits from a significant underlying landholding offering longer-term asset management and redevelopment potential, subject to planning.
- Service charge
- £0
- Business rates
- £0
- Use class
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- Listed building
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- BREEAM rating
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- Environmental description
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Brochure
Mr Fothergills Seeds Ltd, Gazeley Road, Kentford, CB8 7QB
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Disclaimer - Property reference 5351FH. 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 Robinson Layer, Cambridge. 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.















