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STOR Mannaberg Way, Sawcliffe Industrial Estate, Scunthorpe, DN15 8XF

Overview

  • Investment
  • Property Type

Description

Location

The property comprises a rectangular shaped parcel of land extending to approximately 0.92 hectares (2.28 acres) whereupon the tenant (Marden Power) has developed a 20 MW embedded short term operating reserve and peak power (STOR generating plant) in accordance with planning permission PA/2015/1106.

Summary

Key points

  • Long remaining lease term to 13th October 2046.
  • Current rent of £42,741.21 with fixed increase every 5 years to £79,239.81 per annum.
  • Secure well let investment.

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