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For Sale£900,000.00

Unit 2, Coach Crescent, Worksop, S81 8AD

General Industrial, Other, Distribution Warehouse, Industrial, Other Property Types & Opportunities , 15748 Sq Ft
Property type: General Industrial, Other, Distribution Warehouse, Industrial, Other Property Types & Opportunities
Tenure: Development Opportunity, Investment Opportunity, For Sale Freehold
Size: 15748 Sq Ft
Price: £900,000.00
Location: Unit 2, Coach Crescent, Worksop, S81 8AD
Detached modern industrial/warehouse investment

Extending to a GIA of 1463.02 sq. M. (15,748 sq. Ft.)
Including mezzanine area of 357.5 sq. M. (3,848 sq. Ft.)

Sale and Leaseback
New 15 year FRI lease from completion to Tommy Tucker Limited
Initial rent £70,000 per annum exclusive
Upwards only Market Rent reviews every 5 years
Tenant break option after 7 years

Guide Price £900,000
Reflecting Net Initial Yield of 7.36% assuming normal purchasers costs

Tommy Tucker Limited show a net worth of £3.38 million and a Experian Company Report of 92 "very low risk". Tommy Tucker have been established since 1988 and have traded from the premises for some 14 years.

The building benefits from the following:
Secure gated rear yard
Additional parking areas.
Two roller shutter access points
Site area 0.87 acres
Virtual Freehold (999 year lease expiring 21st December 2996).

( Agency Pilot Software Ref: 103358 )
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