Offers over
£948,000
Property for saleIndustrial Estate Kingsland, Leominster HR6
Just added
Freehold
About this property
Multi-let Freehold investment opportunity comprising of 8 commercial units providing a Total Gross Internal Area of approximately 11,938 sq ft (1,109 sq m)
Secure Annual Rental Income of £72,750 Per Annum (Exclusive)
Significant Asset Management Potential
A well-established industrial estate located near Leominster and the surrounding area.
Offers in excess of £948,000 (exclusive) showing a Net Internal Yield of 7.25% (after normal purchasers costs)
The site comprises of eight income-producing commercial units arranged across three detached commercial buildings, providing six terraced units and two semi-detached industrial/trade counter units.
The site comprises of eight income-producing commercial units arranged across three detached commercial buildings, providing six terraced units and two semi-detached industrial/trade counter units.
The units are constructed of steel portal framework, clad in brickwork to the elevations, sitting under a dual pitched profile steel sheet roof over. The units each have an up and over door to the front elevations, with an eaves height of approximately 4.5 metres.
The units provide a Total Gross Internal Area of 11,938 sq ft (1,109 sq m) and are arranged to provide warehouses/ trade counters with welfare facilities.
The site extends to approximately 0.511 hectares (1.262 acres) and benefits from a generous provision of on-site car parking, accessed from Hostel Lane.
There is future asset management potential associated to the property and a viewing is recommended to ascertain its full potential.
The industrial estate is prominently located fronting onto Hostel Lane in Kingsland. The estate is situated on the North West side of Hostel Lane, which is accessed via the A4110 and B4360.
The estate is situated approximately 3 miles from the town of Leominster, with easy access to the A49 Trunk Road, which acts as the main trunk road providing access from Hereford to Warrington.
The property is situated in close proximity to all local amenities, and the surrounding occupiers include Centaur Equestrian and Cobnash Recording Studio.
Leominster has a population of 11,959 and is the service centre for many parishes in the north of the county. The town centre, known for its varied historical architecture, has recently been identified as a Heritage Action Zone. The town has good digital connectivity and is strategically located on the crossroads of the A49 and A44 with good road access to Wales, as well as Hereford, Shrewsbury, Worcester, Cardiff and Manchester via train.
There are a strong manufacturing and engineering sector and industrial skills base, and high demand for employment space for start-ups and growing companies, in addition to the existing large industrial estates.
What three words: ///candles.remaking.shells
All measeurments are approximate
Unit 1&2 - Total Gross Internal Area - 3,086 sq ft (287m sq)
Unit 3 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 4 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 5 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 6 - Total Gross Internal Area - 2,017 sq ft (187m sq)
Unit 7 - Total Gross Internal Area - 2,017 sq ft (187m sq)
Unit 8 - Total Gross Internal Area - 2,006 sq ft (186m sq)
Total Gross Internal Area - 11,938 sq ft (1,109m sq)
Tenancy Schedule
Copies of the leases are available upon request from the selling agent.
All tenancies are subject a maintenance rent for the communal areas, details available upon request.
The Weighted Average of the Unexpired lease term (WAULT) (Lease expiry) is 2.69 years.
The estate enjoys a stable and diverse tenant profile, supported by the strength of Leominster’s growing commercial market and the areas demand for well-located trade counter/industrial accommodation.
Industrial Market Overview
The UK industrial sector has become one of the strongest performing asset classes within the commercial property market, underpinned by structural occupier demand, constrained supply, and sustained rental growth.The estate serves as an important supplier of commercial space in the surrounding area.
Price
Offers in excess of £948,000 (Nine Hundred and Forty-Eight Thousand Pounds) (Exclusive) showing a Net Initial Yield after normal purchasers’ costs of 7.25%.
Tenure
The site is offered for sale freehold, subject to the occupational tenancies outlined in the tenancy schedule, within the particulars. The property is held under the ownership of Title Number HW101652.
Legal Costs
Each party is to bear their own legal costs in relation to the transaction.
Vat
The property is understood to be elected for VAT. However, it is proposed that the sale of the property would proceed as a togc (Transfer of a Going Concern), further details are available from the selling agents.
Planning
Prospective Purchasers should rely on their own enquiries.
The units are understood to benefit from planning consent for use class B under the Town and Country Use Classes Order 1987.
The site offers extensive asset management potential, subject to statutory consents.
Epcs
Unit 1 & 2 - D 93
Unit 3 - E 104
Unit 4 - E 123
Unit 5 - E 111
Unit 7 - E 117
Business Rates
Units 1&2, Cobnash Industrial Estate - £13,500
Unit 3, Cobnash Industrial Estate - £5,100
Unit 4, Cobnash Industrial Estate - £4,950
Unit 5, Cobnash Industrial Estate - £5,000
Unit 6, Cobnash Industrial Estate - £9,500
Unit 7, Cobnash Industrial Estate - £10,250
Unit 8, Cobnash Industrial Estate - £9,600
Services
(Not tested at the time of inspection)
All mains’ services (excluding gas) are understood to be connected to the units.
Dataroom
Access to a data room is available to prospective interested party upon request from the selling agents.
Local Authority
Herefordshire Council
Plough Lane
Hereford
HR4 0LE
The site comprises of eight income-producing commercial units arranged across three detached commercial buildings, providing six terraced units and two semi-detached industrial/trade counter units.
The units are constructed of steel portal framework, clad in brickwork to the elevations, sitting under a dual pitched profile steel sheet roof over. The units each have an up and over door to the front elevations, with an eaves height of approximately 4.5 metres.
The units provide a Total Gross Internal Area of 11,938 sq ft (1,109 sq m) and are arranged to provide warehouses/ trade counters with welfare facilities.
The site extends to approximately 0.511 hectares (1.262 acres) and benefits from a generous provision of on-site car parking, accessed from Hostel Lane.
There is future asset management potential associated to the property and a viewing is recommended to ascertain its full potential.
The industrial estate is prominently located fronting onto Hostel Lane in Kingsland. The estate is situated on the North West side of Hostel Lane, which is accessed via the A4110 and B4360.
The estate is situated approximately 3 miles from the town of Leominster, with easy access to the A49 Trunk Road, which acts as the main trunk road providing access from Hereford to Warrington.
The property is situated in close proximity to all local amenities, and the surrounding occupiers include Centaur Equestrian and Cobnash Recording Studio.
Leominster has a population of 11,959 and is the service centre for many parishes in the north of the county. The town centre, known for its varied historical architecture, has recently been identified as a Heritage Action Zone. The town has good digital connectivity and is strategically located on the crossroads of the A49 and A44 with good road access to Wales, as well as Hereford, Shrewsbury, Worcester, Cardiff and Manchester via train.
There are a strong manufacturing and engineering sector and industrial skills base, and high demand for employment space for start-ups and growing companies, in addition to the existing large industrial estates.
What three words: ///candles.remaking.shells
All measeurments are approximate
Unit 1&2 - Total Gross Internal Area - 3,086 sq ft (287m sq)
Unit 3 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 4 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 5 - Total Gross Internal Area - 938 sq ft (87m sq)
Unit 6 - Total Gross Internal Area - 2,017 sq ft (187m sq)
Unit 7 - Total Gross Internal Area - 2,017 sq ft (187m sq)
Unit 8 - Total Gross Internal Area - 2,006 sq ft (186m sq)
Total Gross Internal Area - 11,938 sq ft (1,109m sq)
Tenancy Schedule
Copies of the leases are available upon request from the selling agent.
All tenancies are subject a maintenance rent for the communal areas, details available upon request.
The Weighted Average of the Unexpired lease term (WAULT) (Lease expiry) is 2.69 years.
The estate enjoys a stable and diverse tenant profile, supported by the strength of Leominster’s growing commercial market and the areas demand for well-located trade counter/industrial accommodation.
Industrial Market Overview
The UK industrial sector has become one of the strongest performing asset classes within the commercial property market, underpinned by structural occupier demand, constrained supply, and sustained rental growth.The estate serves as an important supplier of commercial space in the surrounding area.
Price
Offers in excess of £948,000 (Nine Hundred and Forty-Eight Thousand Pounds) (Exclusive) showing a Net Initial Yield after normal purchasers’ costs of 7.25%.
Tenure
The site is offered for sale freehold, subject to the occupational tenancies outlined in the tenancy schedule, within the particulars. The property is held under the ownership of Title Number HW101652.
Legal Costs
Each party is to bear their own legal costs in relation to the transaction.
Vat
The property is understood to be elected for VAT. However, it is proposed that the sale of the property would proceed as a togc (Transfer of a Going Concern), further details are available from the selling agents.
Planning
Prospective Purchasers should rely on their own enquiries.
The units are understood to benefit from planning consent for use class B under the Town and Country Use Classes Order 1987.
The site offers extensive asset management potential, subject to statutory consents.
Epcs
Unit 1 & 2 - D 93
Unit 3 - E 104
Unit 4 - E 123
Unit 5 - E 111
Unit 7 - E 117
Business Rates
Units 1&2, Cobnash Industrial Estate - £13,500
Unit 3, Cobnash Industrial Estate - £5,100
Unit 4, Cobnash Industrial Estate - £4,950
Unit 5, Cobnash Industrial Estate - £5,000
Unit 6, Cobnash Industrial Estate - £9,500
Unit 7, Cobnash Industrial Estate - £10,250
Unit 8, Cobnash Industrial Estate - £9,600
Services
(Not tested at the time of inspection)
All mains’ services (excluding gas) are understood to be connected to the units.
Dataroom
Access to a data room is available to prospective interested party upon request from the selling agents.
Local Authority
Herefordshire Council
Plough Lane
Hereford
HR4 0LE
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Monthly repayment
£4,742 per month
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