Price Offers in excess of £910,000 reflecting a net initial yield of 6.00%, a reversionary potential in 2026 and a capital value of £158psf, assuming purchasers costs of 5.65%

EPC Rating This property has been graded as C (70)

Description

The property is a mid-terrace unit constructed in the early 2000s and is of steel portal frame construction with metal profile cladding elevations under a pitched metal deck roof with rooflights. Given the nature of the tenant’s business, the space is largely taken up with various racking systems with a two-storey office block in the front left hand corner with a clear loading area to the front right. The warehouse accommodation benefits from an eaves height of 6m, suspended LED spotlights, sectional up and over door and a power floated concrete floor. Below the office accommodation, the tenant has created some retail space with a suspended ceiling, LED panels, painted and plastered walls with shop fittings affixed to them and a linoleum floor. This is fitted in the Eurocell corporate style with a counter at the back for orders and payment. Due to various constraints, we are unable to confirm the exact layout of the remainder of the office and ancillary accommodation but presume that there are male and female WC facilities and basic tea-making facilities and a staff break-out area at first floor all finished to a reasonable specification.