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Normandy Landings Pope St 15,162 SF Industrial Building Normanton WF6 2TA $2,171,349 ($143.21/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent location
- Let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024
- 14 marked parking spaces
EXECUTIVE SUMMARY
Located approximately 14 miles south east of Leeds and six miles east of Wakefield, the property is close to Junction 31 of the M62 motorway.
The warehouse has a modern steel portal frame warehouse with integrated two-storey offices, constructed in the early 2000s.
Externally, the site features a secure and floodlit yard with shared access and 14 marked parking spaces, with scope for additional parking if required. Overall site coverage is approximately 30 per cent.
The premises are let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024.
The tenant holds a Dun & Bradstreet covenant rating of 2A1, and the lease produces a current passing rent of £111,785 per annum.
The warehouse has a modern steel portal frame warehouse with integrated two-storey offices, constructed in the early 2000s.
Externally, the site features a secure and floodlit yard with shared access and 14 marked parking spaces, with scope for additional parking if required. Overall site coverage is approximately 30 per cent.
The premises are let to Roberts Graphics on a five-year full repairing and insuring lease that started in January 2024.
The tenant holds a Dun & Bradstreet covenant rating of 2A1, and the lease produces a current passing rent of £111,785 per annum.
PROPERTY FACTS Sale Pending
| Price | $2,171,349 | Building Class | B |
| Price Per SF | $143.21 | Lot Size | 2.23 AC |
| Sale Type | Investment | Rentable Building Area | 15,162 SF |
| Cap Rate | 6.50% | No. Stories | 3 |
| Tenure | Freehold | Year Built | 2003 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 0.93/1,000 SF |
| Price | $2,171,349 |
| Price Per SF | $143.21 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.23 AC |
| Rentable Building Area | 15,162 SF |
| No. Stories | 3 |
| Year Built | 2003 |
| Tenancy | Single |
| Parking Ratio | 0.93/1,000 SF |
AMENITIES
- Courtyard
- Storage Space
- Smoke Detector
UTILITIES
- Lighting
- Water
- Sewer
- Heating
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Normandy Landings | Pope St
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