Offers Around £950,000

King Street, Pontefract

  • Freehold commercial investment property
  • Fully tenanted
  • Operates as Royal Business Park
  • Currently split into 5 units
  • Rental income in excess of £86K per annum
  • 1.3 acre site area
  • Approx 40,600 sq ft net internal floor area

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Property Location

Typical monthly mortgage repayment with Mortgage Advice Bureau: £3705

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Property Details

PROPERTY DETAILS
Offers are invited for this freehold and fully tenanted investment property which comprises a substantial former printworks and box manufacturing plant which has been sub-divided into 4 commercial units, together with further separate commercial unit and large storage yard / carpark. The premises achieve an annual rental income in excess of £86,000 and the site benefits from having re-development potential, subject to achieving the necessary consents. For all enquiries contact FSL Estate Agents on 01924 200101.

LOCATION
Royal Business Park is located on King Street in a predominantly residential area, within the market town of Pontefract. King Street is accessed off Wakefield Road and allows easy road links to the region via both the M62 and A1M motorway networks. In addition, Pontefract Tanshelf railway station is within walking distance of the premises.

SIZE
The business park occupies a site totaling approximately 1.3 acres with a net internal floor area of 3772.48 m2 (40,607 sq ft)

TENURE
Freehold with the benefit of tenants occupying all available units. Note that we have not had sight of the lease documents or accounts and any potential purchaser should carry out their own due diligence on the current lease arrangements. Copies of lease documents and accounts will be made available upon request.

UNITS 1 & 2
Two storey warehousing and office unit currently rented to a hospital supply business and listed by the VOA as having a net internal floor area of 2061.31m2 (22188 sq ft) with a rateable value of £40,250.

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