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Wharf Road, Kilnhurst, Mexborough, South Yorkshire, S64 5SY

For sale: £6,500,000.00|177,286 Sq Ft|Warehouse, General Industrial, General Industrial, Industrial

Property details

FOR SALE£6,500,000.00
SIZE177,286 Sq Ft
ADDRESSWharf Road, Kilnhurst, Mexborough, South Yorkshire, S64 5SY
TYPEWarehouse, General Industrial, General Industrial, Industrial
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON21st May 2024

Description

FOR SALE - 177,000 SQ FT INDUSTRIAL COMPLEX COMPRISING A METALS RECYCLING FACILITY and INCOME GENERATING INDUSTRIAL INVESTMENT AVAILABLE AS A WHOLE OR SEPERATELY

Investment Summary

- Part let industrial and metal recycling investment opportunity producing £400,000 per annum exclusive
- 177,286 sq ft over 6 industrial buildings and two storey office block
- Highly reversionary with a potential ERV of the whole of £825,000 per annum exclusive
- Well located to access the regions motorway networks
- Located mixed heavy industrial and residential location, with new build residential development to the north and south of the property
- Freehold sites
- Rare waste and recycling permits
- Total site area of 14.70 acres with a low site density of circa 24%
- Suit owner occupiers, investors and developers

PLOT 1
High yielding, reversionary industrial Investment of 120,000 sq ft on circa 8 acres
Let to Moulding Solutions Ltd on a 6 year lease from February 2024 at a low rent of £400,000 per annum exclusive (£3.33 per sq ft)
Let considerably below market levels with ERV of £4.50 per sq ft +
Excellent covenant strength - 'very low risk' (Delphi 100/100)
Highly reversionary
Upwards only open market review after 4 years
Long term residential and commercial redevelopment potential stp

PLOT 2
A modern, well established industrial complex and recycling facility of 57,286 Sq Ft sitting on 6.70 acres
Available with vacant possession
High power capacity of 1.2MVA with potential for more
Three units ranging from 4,931 to 27,505 sq ft
Rare and well established recycling use permission with relevant waste and EA licences in place
Permission to operate 24 hours, 5 days a week.
Large power supply of 1200 kva
Suit owner occupiers, recycling uses and heavy industrial uses
Large concrete yard / hardstanding areas
Site area of 6.70 acres
Low site density of 20%
Opportunities for redevelopment
ERV of £5 per sq ft (£285,000 per annum exclusive)


LOCATION
The site is located off Wharf Road in Swinton to the north of Rotherham and to the south of Mexborough.

The site is accessed via Wharf Road which is a mixed commercial and residential area, with a mix of traditional and new build housing estates. The new build estates are located to the north and south of the site. The River Don is adjacent to the site.

The regions motorway networks are within easy reach, with Junction 36 of the A1 and J34 of the M1 within 15 minutes drive. Rotherham city centre 5 miles away (12 minutes), with Doncaster 7 miles away (15 minutes) and Sheffield 14 miles (30 minutes).

WHAT3WORDS: https://what3words.com/cycle.vowel.flukes


DESCRIPTION - PLOT 1
The property comprises a single let industrial site of 120,000 sq ft sitting on circa 8 acres.
There are five buildings on site; two main buildings which provide interconnected open plan manufacturing and Storage space with high bays. The other buildings provide further storage space, along with a two storey office block.

Summary
Steel portal frame buildings with metal cladding elevations and roof
Extensive open storage areas
Site area of circa 8 acres
Low site density of circa 30%
High power supply of 3,000 kva
Permitted to operate 24/7
Long term development potential for
commercial and residential uses stp

DESCRIPTION - PLOT 2


Extensive industrial complex which has been used as a metal recycling facility for over 30 years. Comprises three industrial buildings which each benefit from steel portal frame construction under a mix of flat sheet and pitched roofs.

Summary
Offices and staff welfare facilities
Five gantry cranes
Ten loading doors
Eaves ranging from 6m to 11.93m max (with underside of gantry from 3.73m to 4.3m)
Concrete yard areas suitable for further
development and open storage
Weigh bridge on site

Licences and Permits
Environmental Permit
Waste Carriers Licence
Certificate of Scrap Metal Dealer
AATF Licence (Waste Electrical and Electronic Equipment Reuse and Treatment)
Plot 2 may also be available to rent on a leasehold basis. Please contact the agent for more information

PLEASE NOTE: various plant and machinery are available by seperate negotiation. Please discuss with the agent.



PRICING
The plots are available as a whole, in excess of £6,500,000 which reflects an overall low capital value of £33.66 per sq ft and a potential reversionary yield of
11.90% assuming the total ERV of £825,000 per annum exclusive for Plot 1 and Plot 2.

PLOT 1
We are inviting offers in excess of £4,000,000 (Four million pounds).
Reflecting a Net Initial Yield of 9.39% assuming purchasers costs of 6.54%.

A purchase as this level reflects a low capital value of £33.33 per sq ft. Reversionary yield of 12.67% assuming the ERV of £4.50 per sq ft.

PLOT 2
The guide price is £2,500,000 reflecting a low capital value of £43.64 per sq ft


VIEWINGS
Please contact the agent:

Ben Flint
ben@flintealestate.co.uk
07494735001
( Agency Pilot Software ref: 92 )

Location

marker
Location: Wharf Road, Kilnhurst, Mexborough, South Yorkshire, S64 5SY

Swinton (Yorks) (0.8 miles)

Mexborough (1.3 miles)

Goldthorpe (1.7 miles)

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