Well located freehold warehouse investment
Located on Parkway Industrial Estate, 2 miles from Sheffield City Centre and directly adjacent to the A57 leading to Junction 33 of the M1
Comprising a terrace of 3 single storey industrial/warehouse units totalling 3,471 sq m (37,376 sq ft)
Site area of 0.43 hectares (1.06 acres), providing a site cover of 58%
Let to Granton Medical Ltd on an FRI lease for 10 years from the date of sale subject to a Schedule of Condition
Unit 1 is sub-let to Orchid Orthopedic Solutions Ltd
Total rent of £117,500 per annum (£3.15 psf)
Fixed uplift to £130,000 per annum (£3.47 psf) at the expiry of the fifth year
Seeking offers in excess of £1,550,000 (STC)
Attractive Net Initial Yield of 7.15%
Reversionary yield of 7.91%
Low capital value of £41.50 psf
