Thirsk Industrial Park

York Road, Thirsk, YO7 3XX

9,408.33 sq ft

Modern Detached Industrial Investment

Summary

Let to Royal Mail Group Ltd, 10 years from 12 September 2020
Passing rent £75,000 per annum (£7.97 psf)
Freehold
Offers in excess of £1,134,000 Net Initial Yield of 6.25%

Accommodation

The accommodation comprises the following areas:

Name	sq ft	sq m
Ground - Warehouse/Showroom	6,259.17	581.50
Ground - Offices	1,574.58	146.28
1st - Offices / Mezzanine	1,574.58	146.28
Total	9,408.33	874.06

Location

Thirsk is situated approximately 40 miles north east of Leeds, 22 miles north west of York and 27 miles east of Harrogate.

The property occupies a prominent position on the main estate road. Thirsk Industrial Park is well established, and strategically well located. It is adjacent to the A168, and A19 which in turn link to the motorway network via the A1(M).

Thirsk railway station is on the East Coast Mainline route and has a direct rail service to Newcastle, Edinburgh, Leeds, York and London.

Other occupiers on the park include Howdens, North Yorkshire Police, Euro Car Parts and Twisted Automotive amongst others. It is the main commercial estate within the affluent market town of Thirsk in North Yorkshire.

Get directions from Google Maps

Mainline Stations

Thirsk

35 mins
Northallerton

160 mins
Cattal

314 mins
Hammerton

317 mins

Underground Station

Chesham

3421 mins
Amersham

3463 mins
Chalfont and Latimer

3477 mins
Broxbourne

3481 mins

Further Information

Price Offers in excess of £1,134,000

EPC Rating This property has been graded as D

Description

Constructed in circa 2000, the property comprises a purpose-built industrial building with a large secure yard at the front and rear.

The building is of steel portal frame construction beneath a profiled metal sheet roof with part height brick/block and metal sheet elevations. The warehouse is served by a delivery bay from the front elevation, protected by an exterior canopy. Internally, the property is arranged as a
warehouse on the ground floor with ground and first floor offices at the front of the property. The site extends to 0.667 acre (0.27 hectare) providing a low site coverage of 32%.

The property is used as a sorting office and warehouse depot.

Tenure

The property is held Freehold: Title Number - NYK231361.

VAT

The property is elected for VAT, but it is anticipated that the sale will be structured as a Transfer of a Going Concern (TOGC) in which case VAT
won’t be payable.

AML

The purchaser will need to satisfy the Anti Money Laundering policies of the sales agent and the Vendor client. This is usually two forms of identification for the ultimate beneficial owner of the acquiring company and confirmation of the source of funding from the successful purchaser. To be provided upon agreeing the Heads of Terms.