Offers Around £395,000

Hoyle Mill Road, Kinsley

  • Fully tenanted commercial investment
  • Achieving £33K rental income per annum
  • Freehold sale
  • Long term tenant with new 5 year lease
  • Approximately 8050 sq ft / 750 sq m
  • Includes modern warehouse, offices and secure yard
  • Planning permission granted to extend offices

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Property Floorplan

Property Location

Typical monthly mortgage repayment with Mortgage Advice Bureau: £1541

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Property Details

PROPERTY PARTICULARS
Offers are invited for this freehold and fully tenanted investment property comprising a modern warehouse / workshop unit together with 2 storey office building and secure carpark / storage yard. The premises also benefit from planning consent granted June 2018 under application 18/00789/FUL for a 2 storey extension to the existing office building. The well presented premises are located on Hoyle Mill Road within Kinsley Enterprise Zone and benefit from gas central heating, UPVC double glazing, security grills, CCTV / alarm system, 3 phase electric and roller shutter vehicle access door. A 5 year lease is currently in place providing rental income of £33,000 per annum. For all enquiries contact FSL Estate Agents on 01924 200101.

LOCATION
The unit is located within a busy commercial estate on Hoyle Mill Road in Kinsley to the south of Pontefract. This location allows excellent road access to the M62 and A1M motorways and benefits any business serving the Yorkshire region or further afield.

SIZE
Net internal floor area of approximately 8047 sq ft (747.6 sq m). For indicative layout and approximate room sizes please refer to the floor plan.

TENURE
Freehold with long term tenant (Resincoat Ltd) occupying the premises on a full repair and insure basis. The lease has just been renewed as of October 2018 on a 5 year term with rental set at £33,000 per annum. Copies of lease documents will be made available upon request.

RATEABLE VALUE
The rateable value effective from April 2017 is £31,250.

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