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*Investment for Sale* Unit 1A, Union Business Park, Snaygill, Skipton

INVESTMENT SUMMARY

  • Freehold trade counter investment.
  • Let to Screwfix Direct Ltd.
  • Highly secure income (net assets £723m).
  • Prominent site within Skipton’s premier estate.
  • Established trade counter location
  • £825,000 plus VAT subject to contract
  • Rent passing £59,200 p.a.
  • 6.8% Net Initial Yield after allowing for normal purchasers costs.
  • 10-year lease – term commencement 02/01/2020.
  • Tenant break / Rent Review at the end of year 5.

LOCATION

The subject property is prominently located at the head of the estate road within the popular Snaygill Industrial Estate, Skipton.

Snaygill is a well established trade counter location with other operators including Toolstation, James Hargreaves Plumbing Depot, Plumb Center, C.E.F, Oldfield Lighting and Jac’s Trade and DIY Warehouse.

DESCRIPTION

The property is the front portion of a refurbished commercial unit which has had the benefit of a new roof in recent times. There is ample car parking to the front of the property with an attractive grass verge.

ACCOMMODATION

7,400 ft2 (Gross Internal Area)

TERMS

The freehold interest subject to the lease is available for £825,000 plus VAT which represents a net initial yield of 6.8% after purchasers costs of 5.53%.

VIEWING

To arrange a viewing or for further information please contact Atkinson Associates.

MARKETING PARTICULARS

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