Prominent industrial site (B2 & B8 use) for sale extending 0.23 acres split across two parts
Part A is let on a new FRI lease for 5-years, commencing 28/06/24 at a rent of £40,000pax
Part A comprises an MOT centre (1,653sqft), with the benefit of an open yard used as car storage (3,724sqft)
Part B is let on a new FRI lease for 5-years, with a mutual break option to break at anytime (2-months notice), with a passing rent of £8,000pax
Part B currently comprises split level office across ground (1,808sqft) & 1st (408sqft) floors, with this element having a positive pre-app for redevelopment (5 x 3-bed houses) STPP
We are inviting offers in the region of £950,000 (£95psf on the site area) for the freehold interest
Site is to be offered at Savills Commercial Auction on Tuesday 23rd July unless ‘Sold Prior
For full details please download the property brochure.