Unit 3, Sandall Lane 2 Industrial Properties Offered at $934,280 in Doncaster

DESCRIPTION
Comprising a low-density industrial site used as a HGV service centre. There are two detached industrial units on site benefitting from the following specification:
- Unit 1 is equipped with a rolling road and an inspection pit, offering specialised facilities for vehicle maintenance and truck repairs. Max eaves height 6.7m. Steel portal frame construction. with 3 x electric loading doors.
- Unit 2 provides a open-plan workshop and stores. Concrete frame construction under a pitched asbestos clad roof, with 2 x loading doors and eaves height of 6.2m.
- Externally the yard is a mix of concrete and compact road plannings surrounded by a steel palisade fence, there are large steel entrance gates to the front of the site. Staff and W/C facilities on site are connected via office cabins.
LEASEBACK TERMS
The proposed leaseback terms are as follows:
- Term: 10-year lease from completion
- Rent: £62,500 per annum exclusive (reflecting circa £9.40 per sq ft and £50,000 per acre over circa 0.35 acres)
- Repairs: FRI subject to a photographic schedule of condition
- Review: 5-year RPI linked review (2-4% min-max compounded pa)
- Break: Tenant only break option after 5 years
- Tenant: CTT Logistics Ltd (11618375) - accounts available upon request. 2025 accounts show assets of £710k
PRICING
Offers in excess of £700,000, reflecting a net initial yield of 8.86%, assuming standard purchasers' costs of 6.8% with a reversionary yield of 9.54% assuming a compounded growth of 3% pa at the 5 year review.