Land And Buildings Rear Of, 36 Florence Avenue, Doncaster, South Yorkshire
1,260 Sq Ft (117.05 Sq M)
£350,000 for the Freehold
Industrial
Key Features
FOR SALE INDUSTRIAL INVESTMENT
HIGH YIELDING
9.91% NET YIELD
0.34 ACRE SITE
ASKING £350,000
NO VAT
General Description
FOR SALE - Single let high yielding industrial investment
SUMMARY
- 1,246 Sq ft workshop and office sitting on 0.34 acres
- Let on a new 3 year FRI lease at £36,000 per annum
- Rare haulage yard, vehicle storage and repair uses
- Close to Doncaster city centre & the A1
- Available at offers in the region of £350,000 reflecting a net initial yield of 9.91%
- No VAT
Location
The property is located in the Balby area of Doncaster which is a short drive to the City Centre and is well placed t take advantage of the regions motorway network with J36 of the A1 within a 4 minute drive.
Description
A single let industrial investment comprising a detached workshop / industrial unit sitting within a large yard of 0.34 acres.
The workshop provides 3 phase power supply, roller shutter access door, open plan space, w/c, small mezzanine area and an office.
There is a partly built unit in situ of 854 sq ft which can be completed and can potentially generate further income STPP.
The site benefits from a rare planning permission for use as a haulage yard, caravan storage and vehicle repairs under ref 96/3608/P.
Accommodation (GIA)
Main Workshop: 122.45 Sq M (1,318 Sq Ft)
Part Built Unit: 79.36 Sq M (854 Sq Ft)
Site Area: 0.34 Acres
Tenancy
The property is let on a new 3 year FRI lease from March 2024 to a local car mechanic at £36,000 per annum exclusive.
Asking Price
Offers in the region of £350,000.
Reflecting a high Net Initial Yield of 9.91%
EPC
To be confirmed.
Anti Money Laundering
Purchaser's will have to supply information to comply with Anti Money Laundering regulations.
VAT
VAT is not payable.
Tenure
Freehold.
Viewings
By appointment - please get in touch.