INCOME PRODUCING COMMERCIAL AND INDUSTRIAL INVESTMENT OPPORTUNITY
Passing Rent £49,740 per annum
ERV circa £80,000 per annum
Road fronted former garage premises providing multiple units, including DIY store, metal fabricators and engineering business with buildings extending to approximately 1,137m (12,236ft)
Well positioned in the popular village of Scissett, fronting the A636 Wakefield Road
Site area extends to approximately 2,530m (0.581 acres)
EPC Asset Rating TBC
The property comprises a range of buildings which are of different construction types, having formerly been occupied by a single business as a motor vehicle repair forecourt and maintenance garage to the rear. It now provides a range of units, including a DIY store, steel fabricators and engineering premises, in addition to vacant garage premises to the front which are capable of being let independently.
The property is held as a multi-occupied investment with the units largely let on informal tenancy agreements requiring asset management to formalize lease agreements and enhance the rental return to the estimated rental value which is in the region of £80,000 per annum.
The gross passing rent is currently £49,740 per annum, with the landlord being partially responsible for business rates and utilities.
