POTENTIAL HIGH YIELDING COMMERCIAL INVESTMENT OPPORTUNITY!!
We welcome to the market 10 new light industrial / warehouse units which if fully let, in our opinion, would generate an income in excess of £100,000pa returning a GIY of circa 6.67%. The units are located approximately 1.25 miles south of Scarborough town centre. Nearby occupiers within the vicinity include Lidl, Currys, B&Q, Next Home, Dunelm, Topps Tiles, JT Akinson, MKM plus many car dealers including Ford, Vauxhall and Hyundai.
The units were recently completed and are available with vacant possession if desired but we are of the strong opinion that all the units could be let on new 3, 5 or 10 year commercial leases if desired by the incoming purchaser. The units are built to a very high standard and incorporate 3m wide and 5.50m high electric roller shutter doors with high speed internet and VOIP option already installed to each unit. Their is also a high resolution CCTV covering the whole estate. The terrace of 7 lying to the north of the site have high quality insulated internal walls which could be removed if an occupier required a more openplan layout. Each of the units within that terrace measures approximately 7.21m x 10.78m creating a GIA of circa 77.72 sq m (836 sq ft), whilst the 3 on the south side are typically 7.24m x 14.13m, creating a GIA of circa 102.30 sq m (1,101 sq ft). Units 2 & 3 also incorporate a high quality mezzanine level which includes a feature customer slide!
The site benefits a number of car parking spaces and is highly protected via metal palisade fencing and is accessed from Queen Margaret's Road via an electric sliding entrance gate. There will also be the option to purchase a section of the access road on Queen Margarets Estate. Please note, the Gas Board do have a right of access through the site. All enquires to CPH COMMERCIAL.