Rawcliffe Road, The Grange Industrial Estate, Goole, DN14 6TY

Overview

Investment
Property Type

Description

Location

The Grange Industrial Park comprises 25 workshop/light industrial/trade counter units, ranging in size from 730 sq ft up to 10,780 sq ft. It provides 77,639 sq ft in total. The front of the site is occupied by predominantly trade units with the Salvation Army and Angling Direct occupying 2 units with a further trade units available to let.

The rear of the site is occupied mainly by local covenants. The units are predominantly single storey, steel portal frame construction with varying specifications and fitouts which have generally been completed by the occupying tenant.

A former residential dwelling occupies the site in the centre of the estate which will be demolished and left as a cleared site by the current owner and will then provide the opportunity for additional redevelopment or creating a storage compound which could be rentalised.

To the rear of the site is an additional open storage space which provides further opportunity for either redevelopment or to let the space as a compound.

Summary

Key points

Multi-let highly reversionary industrial investment opportunity in Goole, DN14
Located in a popular industrial location with excellent road links within 0.5 miles of junction 36 of the M62
Total site area extends to 5.38 acres, providing a total of 77,639 sq ft of industrial accommodation
Let to 22 occupiers providing extensive asset management opportunities
Average low base rent of £4.87 per sq ft with potential to grow the income imminently through letting of vacant units and various lease events
Highly reversionary, with a passing rent of £407,995 per annum and a reversionary rent of £564,229 per annum
Freehold