£3,500,000
Property for saleSheet Road Industrial Estate, Orelton Road, Ludlow SY8
Just added
Freehold
About this property
Freehold investment opportunity, comprising of 5 units providing a Total Gross Internal Area of approximately 45,827 sq ft (4,257 m sq)
Secure Annual Rental Income of £263,085 Per Annum (Exclusive)
Significant Asset Management Potential
Forming part of a premier commercial quarter of Ludlow
Offers in excess of (Three Million Five Hundred Thousand Pounds Per Annum) (Exclusive) showing a Net Initial Yield 7.07% after accounting for normal purchases costs.
The site comprises of five income-producing units, arranged to provide four terrace
industrial/trade counter units and one detached retail/takeaway unit.
The property comprises of five income-producing units, arranged to provide four terrace industrial/trade counter units and one detached retail/takeaway unit.
Unit 1 is of modern construction comprising of a detached property of steel portal frame construction, with profile metal sheet cladding and glazed curtain walling. The property is arranged to provide a sales and collection area to the front, and a kitchen to the rear with ancillary facilities and trading as Dominoes.
Unit 2,3 and 4 are constructed of steel portal framework, clad in part profile sheeting and part brick and blockwork to the elevations. The units each have an up and over door to the front elevation of the unit and an eaves height of approximately 6 metres. The units are arranged to provide trade counters with welfare and ancillary facilities.
Unit 5 is of portal frame construction, clad in part profile steel sheeting and part brickwork to the elevations. The unit benefits from a profile steel sheet projection to the front elevation with a mono-pitched roof, providing an increased eaves height and two up-and-over doors facilitating access. The property is arranged to provide workspace, offices and welfare facilities.
Unit 5 benefits from a self-contained yard and on-site car parking area accessed from Parys Road, whilst the remaining units share communal parking and servicing facilities. The site extends to approximately 0.971 hectares (2.4 acres).
The property forms part of Sheet Road Industrial Estate which occupies a prominent location fronting onto Orelton Road and Parys Road. The estate is situated on the South East side of Orelton Road and is accessed from Parys Road, leading to Sheet Road and the A49.
The industrial estate benefits from strong roadside visibility from Sheet Road and the A49, which acts as a main trunk road providing access from Hereford to Warrington.
Sheet Road Industrial Estate is a premier commercial quarter within Ludlow situated opposite Ludlow Business Park. The surrounding occupiers include national operators such as Screwfix, and Wolseley.
Ludlow is a market town and a tourist centre. The town is located approximately 28 miles south of the county town of Shrewsbury and approximately 23 miles north of the city of Hereford. The town is located near to the confluence of the Rivers Corve and Teme.
The town had a population of 10,266 at the 2011 census and the town has nearly 500 listed buildings. The town has a railway station that runs on the Welsh Marches Line and is operated by Transport for Wales.
Rateable Value
Unit 1:
Unit 2: £40,750
Unit 3: £16,500
Unit 4:
Unit 5: £132,000
Price
Offers in excess of £3,500,000 (Three Million Five Hundred Thousand Pounds Per Annum) (Exclusive) which shows a Net Initial Yield after normal purchasers’ costs of 7.07%.
Vat
The property is understood to be elected for VAT. However, it is proposed that the sale of the property proceeds as a togc (Transfer of a Going Concern), further details are available from the selling agents.
Epc
Unit 1: A (14)
Unit 2: D (76)
Unit 3: F (141)
Unit 4: E (105)
Unit 5: C (64)
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay
Shrewsbury
SY3 8HQ
Services
(Not tested at the time of inspection)
All mains’ services are understood to be connected to the units.
Planning
Prospective Purchasers should rely on their own enquiries.
Unit 1 is understood to benefit from planning consent for sui generous the Town and Country Use Classes Order 1987. The remaining units are understood benefit from planning consent for use class E or B8 under the Town and Country Use Classes Order 1987.
The site offers extensive asset management potential with flexibility across multiple use classes, and future potential development
Dataroom
Access to a data room is available to prospective interested party upon request from the selling agents.
Legal Costs
Each party is to bear their own legal costs in relation to the transaction.
Tenure
The site is offered for sale freehold subject to the occupational tenancies outlined in the tenancy schedule. The property is held under the ownership of Title Number SL112515.
industrial/trade counter units and one detached retail/takeaway unit.
The property comprises of five income-producing units, arranged to provide four terrace industrial/trade counter units and one detached retail/takeaway unit.
Unit 1 is of modern construction comprising of a detached property of steel portal frame construction, with profile metal sheet cladding and glazed curtain walling. The property is arranged to provide a sales and collection area to the front, and a kitchen to the rear with ancillary facilities and trading as Dominoes.
Unit 2,3 and 4 are constructed of steel portal framework, clad in part profile sheeting and part brick and blockwork to the elevations. The units each have an up and over door to the front elevation of the unit and an eaves height of approximately 6 metres. The units are arranged to provide trade counters with welfare and ancillary facilities.
Unit 5 is of portal frame construction, clad in part profile steel sheeting and part brickwork to the elevations. The unit benefits from a profile steel sheet projection to the front elevation with a mono-pitched roof, providing an increased eaves height and two up-and-over doors facilitating access. The property is arranged to provide workspace, offices and welfare facilities.
Unit 5 benefits from a self-contained yard and on-site car parking area accessed from Parys Road, whilst the remaining units share communal parking and servicing facilities. The site extends to approximately 0.971 hectares (2.4 acres).
The property forms part of Sheet Road Industrial Estate which occupies a prominent location fronting onto Orelton Road and Parys Road. The estate is situated on the South East side of Orelton Road and is accessed from Parys Road, leading to Sheet Road and the A49.
The industrial estate benefits from strong roadside visibility from Sheet Road and the A49, which acts as a main trunk road providing access from Hereford to Warrington.
Sheet Road Industrial Estate is a premier commercial quarter within Ludlow situated opposite Ludlow Business Park. The surrounding occupiers include national operators such as Screwfix, and Wolseley.
Ludlow is a market town and a tourist centre. The town is located approximately 28 miles south of the county town of Shrewsbury and approximately 23 miles north of the city of Hereford. The town is located near to the confluence of the Rivers Corve and Teme.
The town had a population of 10,266 at the 2011 census and the town has nearly 500 listed buildings. The town has a railway station that runs on the Welsh Marches Line and is operated by Transport for Wales.
Rateable Value
Unit 1:
Unit 2: £40,750
Unit 3: £16,500
Unit 4:
Unit 5: £132,000
Price
Offers in excess of £3,500,000 (Three Million Five Hundred Thousand Pounds Per Annum) (Exclusive) which shows a Net Initial Yield after normal purchasers’ costs of 7.07%.
Vat
The property is understood to be elected for VAT. However, it is proposed that the sale of the property proceeds as a togc (Transfer of a Going Concern), further details are available from the selling agents.
Epc
Unit 1: A (14)
Unit 2: D (76)
Unit 3: F (141)
Unit 4: E (105)
Unit 5: C (64)
Local Authority
Shropshire Council
The Guildhall,
Frankwell Quay
Shrewsbury
SY3 8HQ
Services
(Not tested at the time of inspection)
All mains’ services are understood to be connected to the units.
Planning
Prospective Purchasers should rely on their own enquiries.
Unit 1 is understood to benefit from planning consent for sui generous the Town and Country Use Classes Order 1987. The remaining units are understood benefit from planning consent for use class E or B8 under the Town and Country Use Classes Order 1987.
The site offers extensive asset management potential with flexibility across multiple use classes, and future potential development
Dataroom
Access to a data room is available to prospective interested party upon request from the selling agents.
Legal Costs
Each party is to bear their own legal costs in relation to the transaction.
Tenure
The site is offered for sale freehold subject to the occupational tenancies outlined in the tenancy schedule. The property is held under the ownership of Title Number SL112515.
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Monthly repayment
£17,508 per month
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