Lowton Way, Hellaby, S66 8RY

Location

The property comprises a series of interconnected warehouse/office/administration buildings on an site of 6.6 acres approx.

The original unit was constructed in the mid 1990's and most recent additions include a high bay warehouse/distribution centre with a GIA of 25,994 sq ft to the rear of the site and detached welfare block which opened in 2022. The high bay warehouse has a height to eaves of 11 m approx and benefits from good size service yard with 2 dock level doors and 1 standard loading door.

The property benefits from 165 car parking spaces including 4 bays with electric car charging points and further car parking provision for disabled person vehicles.

A gate house to the main entrance provides facilities for security staff.

Summary

Key points

• Prime industrial sale and leaseback opportunity
• Excellent location in an established industrial area with strategic transport links
• Situated adjacent to Junction 1 of the M18 motorway
• The site has been developed over the course of the last 25 years with continual investment in the building
• High spec accommodation extending to 9,523 sq m (102,500 sq ft)
• Site area of 2.67 hectares (6.6 acres)
• A new 15 year lease with 5 year rent reviews based on CPI with a cap of 5% and a collar of 2% respectively
• Current rent passing of £550,000 per annum
• This is a freehold sale, subject to the above lease
• Offers in excess of £6.5million, subject to contract and exclusive of VAT.

Contact

PPH Commercial
Tel: 01482 626910
Ben Medhurst
ben.medhurst@pph-commercial.co.uk
PPH Commercial
Tel: 01302 640352
Ian Brooks
ian.brooks@pph-commercial.co.uk

EPC

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