Unit 3, Sandall Lane, Kirk Sandall Industrial Estate, Doncaster, South Yorkshire, DN3 1RA

Key Features

General Description

FOR SALE - SINGLE LET INDUSTRIAL INVESTMENT

INVESTMENT SUMMARY
- High yielding single let industrial investment with a low site density of only 17%
- Two detached industrial units of (443,80 Sq M) 4,777 sq ft sitting on 0.68 acres
- Available by way of Sale & Leaseback
- New 10-year lease from completion with index linked reviews after 5 years
- Initial rent of £62,500 per annum exclusive
- Well established truck repairs business CTT Logistics Ltd (Assets of £710k, 2025)
- Large yard / open storage area with potential for long term redevelopment
- Offers in excess of £700,000, reflecting a net initial yield of 8.86%, assuming standard purchasers' costs of 6.8%

LOCATION
Located in Kirk Sandall, fronting Sandall Lane within the established Kirk Sandall Industrial Estate.

Located northeast of Doncaster Centre, the property offers exceptional accessibility to the region's motorway network, with Junction 4 of the M18 only a short drive away which provides onward access to the M180, M62 and the M1 motorway networks.

Doncaster benefits from excellent connections to the road network with close proximity to the M18 Motorway and the A1(M).

SAT NAV: DN3 1RA
what3words: EMBRACED.RELISHED.ERUPT

DESCRIPTION
Comprising a low-density industrial site used as a HGV service centre. There are two detached industrial units on site benefitting from the following specification:
- Unit 1 is equipped with a rolling road and an inspection pit, offering specialised facilities for vehicle maintenance and truck repairs. Max eaves height 6.7m. Steel portal frame construction. with 3 x electric loading doors.
- Unit 2 provides a open-plan workshop and stores. Concrete frame construction under a pitched asbestos clad roof, with 2 x loading doors and eaves height of 6.2m.
- Externally the yard is a mix of concrete and compact road plannings surrounded by a steel palisade fence, there are large steel entrance gates to the front of the site. Staff and W/C facilities on site are connected via office cabins.

LEASEBACK TERMS
The proposed leaseback terms are as follows:
- Term: 10-year lease from completion
- Rent: £62,500 per annum exclusive (reflecting circa £9.40 per sq ft and £50,000 per acre over circa 0.35 acres)
- Repairs: FRI subject to a photographic schedule of condition
- Review: 5-year RPI linked review (2-4% min-max compounded pa)
- Break: Tenant only break option after 5 years
- Tenant: CTT Logistics Ltd (11618375) - accounts available upon request. 2025 accounts show assets of £710k

PRICING
Offers in excess of £700,000, reflecting a net initial yield of 8.86%, assuming standard purchasers' costs of 6.8% with a reversionary yield of 9.54% assuming a compounded growth of 3% pa at the 5 year review.

ACCOMMODATION
The Site extends to 0.628 acres. Providing a low site density of 17%. The units have the following GIA measurements.

Front Unit 1: 311.42 Sq M (3,352 Sq Ft)
Rear Unit 2: 132.40 Sq M (1,425 Sq Ft)

Total GIA: 443.82 Sq M (4,777 Sq Ft)

TENURE
Freehold

EPC
Front: TBC
Rear: G

ANTI MONEY LAUNDERING
Purchasers' must provide the necessary information to comply with Anti Money Laundering Regulations.

VAT
VAT is applicable however it is expected this will be treated as a TOGC.

VIEWINGS
By appointment with the Sole Agents below:

Ben Flint
07494735001 01302 639838
ben@flintrealestate.co.uk

Alexandra De Freitas
07538844869 01302 639838
alexandra@flintrealestate.co.uk