Units 1-9 Ripley Close, Normanton, WF6 1TB

West Yorkshire

Freehold

43,210 sq. ft

  • Rare opportunity to acquire a prime multi-let industrial estate in an established and highly popular industrial location
  • Strategic location in Normanton West Yorkshire, the preeminent distribution and industrial location in the north of England
  • Excellent Road communications located at junction 31 of the M62 and within 5 miles of both M1 and A1(M) Motorways
  • Freehold
  • 50% of the existing leases are contracted out providing asset management opportunities
  • Gross Internal Area of 43,210 sq ft across 9 terraced units
  • Comprehensively Refurbished
  • Fully Let to 8 tenants by way of FRI leases with the most recent letting November 2021
  • Highly Reversionary
  • Offers sought in excess of £5,000,000 (Five Million Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 5.14% and adopting our opinion of ERV a Net Reversionary Yield of not less than 6.29% (in each case allowing for purchaser’s costs of 6.59%).

Contact us about
this property

0113 245 6000
agency@gentvisick.com

 

 

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