Hassall Rd 5,047 SF Industrial Unit Offered at £275,000 in Skegness PE25 3TB
INVESTMENT HIGHLIGHTS
- Ample parking
- Good road communications
- Rear yard area
EXECUTIVE SUMMARY
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. The property is located on the principal industrial site within the Skegness region.
PROPERTY FACTS Sale Pending
| Price | £275,000 |
| Unit Size | 5,047 SF |
| No. Units | 1 |
| Total Building Size | 5,588 SF |
| Property Type | Industrial (Unit) |
| Property Subtype | Warehouse |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 1 |
| Typical Floor Size | 5,588 SF |
| Year Built | 1980 |
| Lot Size | 0.14 AC |
| Parking Ratio | 1.78/1,000 SF |
1 UNIT AVAILABLE
Unit 3A-3B
| Unit Size | 5,047 SF |
| Price | £275,000 |
| Price Per SF | £54.49 |
| Unit Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 8.05% |
| NOI | £22,137.50 |
DESCRIPTION
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. Internally both units comprise a mix of open plan industrial storage, office space and staff breakout area/kitchen. The units are fitted with concrete floors, LED lights and roller shutter doors.
SALE NOTES
Offers in the excess of £275,000 are invited for the Freehold interest subject to the occupational tenancies. This reflects a Net Initial Yield of 8.05%.
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AMENITIES
- Front Loading
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
