Commercial Property in Driffield available for sale
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Commercial Property for Sale near the Driffield, UK

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Commercial Properties for Sale Within 10 miles of the Driffield, UK

More details for Merlin Way, Bridlington - Industrial for Sale

Industrial Unit - Merlin Way

Bridlington, YO15 3QH

  • Industrial for Sale
  • £5,775,000
  • 81,574 sq ft
  • Energy Performance: C
  • Security System

Bridlington Industrial for Sale - East Riding of Yorkshire

We are instructed to seek offers in the region of £5,775,000 (Five Million, Seven Hundred and Seventy Five Thousand pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a yield of 7% after allowing for purchaser’s costs of 6.62% and a capital value of £69.28 sq ft. If the 6 acres is deducted from the purchase price at £600,000, this gives a Capital Value of £62.08 sq ft. The property is held on a Lease to Elliott Group Ltd dated January 7th 2009, for a term of 15 years from December 12th 2008, expiring December 11th 2023. There is a Schedule of Condition dated December 10th 2008 attaching to that Lease, although the Tenant Company has subsequently expended considerable monies in upgrading the building and external areas. The Rent under the current Lease is £361,000 per annum.

Contact:

Andrew Butcher & Associates

Property Subtype:

Warehouse

Date on Market:

14/02/2023
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LoopNet UK North Humberside Commercial Properties For Sale in Driffield, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Driffield

See All Properties For Sale
How many Commercial Property listings are available for sale in Driffield?
There are currently 1 Commercial Properties available for sale near Driffield. These Driffield Commercial Property listings have an average size of. The largest available listing in Driffield is. The thriving commercial centre and excellent transport links in Driffield make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Driffield?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Driffield currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Driffield?
There is a diverse range of commercial properties available in Driffield to suit various business needs. Driffield offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 1 Driffield commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Driffield, UK

Market Overview for Commercial Properties in Driffield

Key information for Commercial Properties investors in Driffield and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Bridlington £113 40,333 sq ft
Beverley £133 3,368 sq ft
Filey £96 2,525 sq ft
Hull £130 6,221 sq ft

Rental Price Trends in Driffield

The price per square foot range for Commercial Properties in Driffield and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Bridlington £36 £113 £414
Beverley £73 £133 £222
Filey £96 £96 £96
Hull £3 £130 £223

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Driffield area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Bridlington 250 sq ft 40,333 sq ft 81,574 sq ft
Beverley 1,394 sq ft 3,368 sq ft 6,399 sq ft
Staxton 1,846 sq ft 1,846 sq ft 1,846 sq ft
Filey 2,525 sq ft 2,525 sq ft 2,525 sq ft
Hull 485 sq ft 6,221 sq ft 25,200 sq ft

You searched for commercial property for sale in Driffield. Explore 1 listings from top commercial agents on LoopNet. Whether you're looking for investment properties to expand your portfolio, establish a new venture, or secure a prime location, LoopNet offers a diverse range of opportunities to meet your goals. Each listing provides detailed information on property features, size, pricing, and high-quality floor plans and photos. With the most extensive inventory of commercial properties worldwide, LoopNet is your trusted partner in finding the perfect commercial property for investment.

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