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Investment

Investment For Sale Leicester

PROPERTY ID: 124150

PROPERTY TYPE

Investment

STATUS

Available

SIZE

41,547 sq.ft

Key Features

Site area approx. 1.95 acres (0.79 hectares)
Purpose built warehouse and distribution centre approx. 41,547 sq ft (3,859.8 sq m)
FRI lease for 40 years, expiring 2047 with single tenant break in April 2032
Offers sought in excess of £3,750,000, subject to contract, reflecting a net initial yield in excess of 6.67%

Property Details

The Property Comprises A Three-storey Office Building And A Warehouse Building, Together With External Car Parking And Loading Areas. The Buildings Are Occupied By The Tenant As A Whole, And As Such, The Two Buildings Are Inter-linking. The Construction And Specification Can Be Summarised As Follows: Age - The Buildings Date From The 1980s. Construction - The Warehouse Building Is Of Steel Portal Frame Construction. The Office Building Is Of Concrete Framed Construction. Roof - The Warehouse And Office Buildings Have Pitched Steel Profile Sheet Clad Roofs. Walls - The Warehouse Building Has Steel Profile Sheet Clad Elevations. The Office Building Has Powder Coated Aluminium Framed Glazed Curtain Wall Elevations. Parking - There Are Two Areas Of Car Parking. An Area To The North Of The Site Providing 54 Spaces That Is Accessed Directly From Elland Road And An Area In The South Of The Site That Provides 42 Spaces And Is Accessed From Carrow Road. External Areas - There Is A Concrete Surfaced Access Way And Small Loading Area To The Rear Of The Warehouse Accessed From Carrow Road. Ceiling - The Warehouse Provides An Eaves Height Of 5.28m. The Office Building Has Suspended Ceilings. Walls - Steel Profile Sheet Clad Elevations Within The Warehouse. Plastered And Painted Walls Within The Office Building. Floors And Staircases - Vinyl Covered Solid Concrete Walls Within The Warehouse. Carpeted Raised Access Floors Within The Office Building. Heating - Gas Blower Heaters Within The Warehouse. Services - There Is A 630kg Capacity Passenger Lift Providing Access Between The Floors Of The Office Building. There Is A Single Roller Shutter Door To The Rear Elevation Of The Warehouse. General Specification - Due To The Nature Of The Occupier's Business A Significant Amount Of Security Fit-out Has Been Installed To Include Cctv And Security Containment Doors. There Are A Number Of Mezzanine Areas That Have Been Installed By The Tenant As Part Of Their Fit-out.

About the Agent

Investment Unit

£3,750,000 Freehold

Aurum House,2 Elland Road, Leicester, LE3 1TT
Investment - Available
41,547 sq ft
3,860 sqm
Show phone number

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