Offers in region of
£895,000
(£90.66/sq. ft)
Light industrial for saleBurrel Road, St. Ives, Cambridgeshire PE27
9,872 sq. ft
About this property
Total site area approximately 0.83 acres
Potential to lease individual parts to provide multi-let income
Prominent position within established industrial estate
Offers are invited for the freehold interest
The property comprises a highly prominent warehouse/workshop premises with offices to the front. The is sub-divided internally to create a series of smaller workshops as shown in the accommodation schedule below. The property benefits from a large forecourt parking area which could be used for a variety of uses (STP).
The units are functional in nature but would benefit from general maintenance and refurbishment throughout.
Internally the workshops provide open plan space arranged along a central corridor providing access to shared WC facilities. Previously, the workshops have largely been used as cost-effective storage for a variety of users. It may be possible to further divide the property and install welfare facilities to each part individually to allow them to be fully self-contained.
Furthermore, unit 24E is currently let to a gym operator until 31st of August 2028 at a passing rental of £18,000 per annum. We understand that the tenant would be keen to extend their lease if given the opportunity to do. No formal extension document has been signed so therefore purchases are advised to not rely on this for the purposes of their proposal.
The total site area extends to approximately 0.83 acres.
The units are functional in nature but would benefit from general maintenance and refurbishment throughout.
Internally the workshops provide open plan space arranged along a central corridor providing access to shared WC facilities. Previously, the workshops have largely been used as cost-effective storage for a variety of users. It may be possible to further divide the property and install welfare facilities to each part individually to allow them to be fully self-contained.
Furthermore, unit 24E is currently let to a gym operator until 31st of August 2028 at a passing rental of £18,000 per annum. We understand that the tenant would be keen to extend their lease if given the opportunity to do. No formal extension document has been signed so therefore purchases are advised to not rely on this for the purposes of their proposal.
The total site area extends to approximately 0.83 acres.
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