Unit 1, Junction 30 Business Park, Ouzlewell Green, Wakefield, WF3 3QW

Summary

The property is a self-contained modern, traditionally constructed unit of steel portal frame construction warehouse under a pitched roof, with brick elevations. The property currently has 1 ground and 1 dock level loading door. With a convenient location and an area of 23,353 sq. ft, this property is perfect for usage as an industrial unit.

The property is entirely let to Easi-Keg Solutions Ltd on a new 15 year lease, with a tenant only break option in year 10. Initial Passing rent of £151,794.50 pax, with five yearly reviews, which are upward only to market rent.

We are instructed to seek offers of £1.8M (One Million, Eight Hundred Thousand Pounds) subject to contract and VAT. A Purchase at this level reflects a Net Initial Yield of 7.9% assuming purchaser/s costs of 6.28%. This reflects a capital value of £77 psf.

Key Points

VAT

VAT will be payable at the prevailing rate on any transaction. The property is elected for VAT and we envisage that any transaction will be conducted as a Transfer of a Going Concern.

Legal Costs

Each party to pay their own costs.

Services and Planning

We understand that all mains' services are connected, including electricity (3-phase), gas, water and drainage.

We understand the property has consent for Use class E and B2/B8.

Location