£1,000,000
(£68.85/sq. ft)
Property for saleUnit 20 Corringham Road Industrial Estate, Corringham Road, Gainsborough, Lincolnshire DN21
14,525 sq. ft
Just added
Freehold
About this property
Total gia: 14,525 sq ft (1,349.4 sq m)
Let to Travis Perkins (Properties) Limited
Low building to site ratio, with a site area of 1.45 acres.
Purchase price: £1,000,000 to show an investor a gross initial yield of 6.55%
The overall site extends to approximately 1.45 acres, with access directly off Longwood Road.
The main unit on site, that is occupied for trade counter purposes by the tenant, is traditionally constructed with internal block work and external steel corrugated sheeting around a steel portal frame, under a pitched insulated roof with rooflights. Internally, a large mezzanine floor has been constructed by the tenant over the majority of the warehouse that allows for an attractive trade counter and showroom facility at ground floor level, together with ancillary offices and WCs. This area has a suspended ceiling throughout, a tiled floor and provides useful stores on the mezzanine. There is a full height loading bay, with roller shutter access out onto the yard.
There is a second building on site of similar construction used for storage purposes. The floor is concrete throughout, with two level roller shutter doors, once again leading out onto the yard.
A substantial site allows for significant areas of open storage that is used for the display of building materials in association with the tenant's trade, together with staff and visitor car parking.
The main unit on site, that is occupied for trade counter purposes by the tenant, is traditionally constructed with internal block work and external steel corrugated sheeting around a steel portal frame, under a pitched insulated roof with rooflights. Internally, a large mezzanine floor has been constructed by the tenant over the majority of the warehouse that allows for an attractive trade counter and showroom facility at ground floor level, together with ancillary offices and WCs. This area has a suspended ceiling throughout, a tiled floor and provides useful stores on the mezzanine. There is a full height loading bay, with roller shutter access out onto the yard.
There is a second building on site of similar construction used for storage purposes. The floor is concrete throughout, with two level roller shutter doors, once again leading out onto the yard.
A substantial site allows for significant areas of open storage that is used for the display of building materials in association with the tenant's trade, together with staff and visitor car parking.
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