Industrial Warehouse 18,060 SqFt Mansfield, Mansfield

Tenure: Freehold
For Sale £1,000,000 Offers Around

Kirkland Avenue Industrial Estate, Kirkland Avenue, Mansfield, Mansfield, NG18 5QP

Key Features

Multi - Let Industrial Estate
Ample parking/ circulation spaces
Asset management opportunities
Potential for redevelopment (STP)
Established Industrial Estate

Description

Multi let Industrial estate investment for sale comprising 15 units ranging in sizes from 295sqft - 4,105 sqft and 3 yard areas which have been let out.

The estate offers significant asset management opportunities as well as scope to extend onto undeveloped land or for wholesale redevelopment of the site perhaps for alternative uses (subject to all necessary consents).

The entire estate comprises 1.733 acres.

Current passing rent: £115,650 per annum

Offers in the region of £1,000,000 which reflects a Net Initial Yield of 10.97% (after usual purchasers costs of 5.45%)

Comments

Kirkland Avenue is located just outside of Mansfield Town Centre of Sutton Road (A38) giving quick access to all other surrounding A roads and the M1 main motorway.

Each tenant is responsible for their own business rates.

Viewings strictly by prior appointment with the agents: Jason Barnsdale MRICS Barnsdales - Chartered Surveyors Tel: 01302 308 174 Mob: 07836 53 40 40 jason@barnsdales.co.uk

Each party is to be responsible for their own legal costs incurred in this transaction.

Available on request

Interested parties to make their own enquiries into availability of services/utilities

EPC awaited or not required