New build, highly specified detached industrial unit extending to 10,191 sqft.
Strong strategic location in close proximity to Sellafield Power Station, the region's largest employer.
Best in class energy sustainability credentials achieving a rare EPC A+ (-4) rating.
Let to Speedy Asset Services for an unbroken term of 10 years with effect from 6th January 2025 at a passing rent of £105,000pa (£7.85 psf and an additional £25,000 pa for the secure concrete yard area).
Additional Income from a Power Purchase Agreement equating to an estimated £10,739 pa and reviewed annually to RPI.
Day one income of £115,739 pa.
Site area of 1.37 acres, providing a low site cover of just 17%.
Upwards Only OMRV on the 5th anniversary of the term.
Freehold.
Offers are sought in excess of £1,560,000 (One Million, Five Hundred and Sixty Thousand Pounds) subject to contract and exclusive of VAT.
Assuming purchasers' costs of 6.13%, a purchase at this level reflects an attractive Net Initial Yield of 7.00% and a Capital Value £153 psf.
