Springwater Business Park, Springwater Business Pa, Whittlesey, Peterborough, PE7 2EU

Light Industrial Investment Opportunity - Whittlesey

Springwater Business Park is located on Station Road in Whittlesey. Whittlesey town is located approximately 6 miles east of Peterborough and 11 miles west of March. Whittlesea Train Station, located 0.2 miles away from the site is on the Ely to Peterborough Line with direct train to Cambridge, Birmingham, Liverpool, Leicester, Stansted Airport, Ely and Ipswich. The Fenland District Council master plan includes improvements to the Whittlesea Train Station. Improvements include car parking, lighting, waiting shelters, information points and access between the platforms. The town's station will benefit from £9m funding package from the combined authority to undertake these improvements. There are also plans to build a new crossing at Kings Dyke on A605 between Whittlesey and Peterborough.

Whittlesey is situated on the A605 which provides access to Peterborough, the A1139, which subsequently provides to Junction 17 of the A1(M) to the west and March, the A141 and the A47 to the east.

Whittlesey has an approximate population of 16,058. Employment in the district is service focused with 75.0% of the workforce employed in the service sectors with a relatively high 17.6% employed in the manufacturing sector. Major occupiers in Whittlesey include; Smurfit Kappa, RGE Engineering, UK Gym Equipment Ltd and McCain Foods.

Springwater Industrial Estate comprises of 6 industrial units occupied by three tenants totalling 12,162 sq ft.

The units are of steel frame construction with brick and block elevations with profiled metal cladding panels to the upper elevations set under a pitched insulated profile metal panel clad roof.

Internally, each unit benefits from pedestrian and roller-shutter access as well as designated parking. Internally the units contain solid concrete flooring throughout with each tenants' bespoke fit out.

INVESTMENT SUMMARY

- Multi-Let Industrial Estate
- Annual Income: £53,043
- Anchored by EDF EN Services
- Average Rent: £4.69 per sq ft
- AWULT of 2.63 years to expiry
- Offers are sought in excess of £800,000 (Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT, reflecting an attractive net initial yield of 6.04% assuming standard purchaser's costs.


( Agency Pilot Software Ref: 20007197 )