Single Let Investment - Potential for Vacant Possession / Owner Occupier Use

Key Points

• Office/Warehouse
• Excellent road connections
• 9 Dedicated parking spaces
• High specification
• Suspended tiled ceilings + LED lighting
• Fully fitted kitchen area
• 4.77m eaves
• Electronic roller shutter
• WCs on ground & 1st floor (Male/Female/Disabled)
• Existing partitioning in situ

Description

Purpose built hybrid warehouse offering 4,600 sq ft of open plan warehouse space and first floor offices, located on the established St James Business Park with excellent access to the A59 and A1(M).

Single let on a 10-year lease, expiring 28th February 2029 (approx. 3 years unexpired).
Passing rent £38,400 per annum (£8.35 psf).
Tenant: Natal Angels Limited (09624803) T/A My Expert Midwife.
My Expert Midwife are an award-winning pregnancy and newborn skincare brand which was co-founded in 2017.
Rent review not implemented / outstanding from March 2024.
The current tenant has indicated they are looking to vacate at the earliest opportunity – vacant possession can be made available.
Offers are invited in excess of £550,000 subject to contract and exclusive of VAT.
A purchase price of £550,000 would reflect a Net Initial Yield of 6.67% and low capital value of £115 per ft². The investment has a potential reversionary yield of 7.97%, based on a potential market rent at £10.00 per ft².

Available area

The accommodation comprises the following areas:

Location

The property forms part of an established estate of warehouse and industrial units located on the popular St James Business Park, benefiting from excellent road connectivity via the A59 and Junction 47 of the A1(M), with Harrogate town centre approximately 4 miles away.