Prime Industrial Development, Trident Park, Normanton

Investment

Description

1. An absolutely prime industrial investment located on Trident Park, part of the Normanton Industrial Estate at junction 31 of the M62.

2. A newly completed steel portal frame twin span warehouse providing 3,530 sq m (38,000 sq ft) of space including 278.70 sq m (3,000 sq ft) of offices with generous car parking and yard facilities.

3. Freehold.

4. Let on a 10 year unbroken lease to Speedy Asset Services Ltd (Company No: 6847930) from 2nd October 2014

5. Dun & Bradstreet rating 4A1 Low Risk. March 2013 accounts show turnover £318m, profit before tax £25.6m, net assets £51.6m.

6. Commencing rental £199,500 per annum break back to a rate of £5.25 psf.

7. Low site cover of only 30%.

8. Offer invited in excess of £2,690,000 which will show the purchase a net initial yield of 7.0% net of purchase costs of 5.8%

Status Sold
Type Investment
Size 30,000 sq ft
To Let/For Sale For Sale

Address

Prime Industrial Development, Trident Park, Normanton
Unit C, Rosie Road, Trident Park, Normanton

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