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Waterside Business Park, Brochure

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Waterside Business Park, Brochure Waterside Business Park Dinnington, South Yorkshire, S25 3QA FOR SALE - Waterside Business Park, Dinnington, South Yorkshire, S25 3QA Waterside Business Park Multi Let Business Park Investment • Established Business Park Location • Detached Two Storey Office Block • Detached Industrial Unit • Modern 4 Unit Terrace • WAULT approximately 3.58 • 2.7 Miles from J31 of the M1 • Proactive Management Opportunities • Approximately 1.12 Acre Site • Fully Let Passing Rent £85,850 PAX • ERV - £91,000 PAX • Inviting Offers In Excess Of £975,000 • Net Initial Yield - 8.30% • Gross Initial Yield - 8.78 % Nigel Nattress 01302 243917 / 07580323817 [email protected] Ben Flint 01302 243915 / 07770822770 [email protected] fishergerman.co.uk Multi Let Business Park Investment Location Unit 2 - Detached Industrial Unit Business Rates The property is situated to the West of This is a detached unit located to the rear of Unit 2 - Rateable Value £22,500 Dinnington Town Centre, lying 15 miles to the Phoenix House and comprises a steel portal Unit 3a - Rateable Value £5,000 East of Sheffield and 12 miles South East of framed industrial unit with roller shutter door Unit 3b - Rateable Value £10,000 Rotherham. access leading to an open workshop space with Unit 3c - Rateable Value £7,900 an adjacent two storey brick ancillary office Unit 3d - Rateable Value £7,900 Waterside Business Park is located within a well building. There is a designated yard area as well as Phoenix House Offices - To Be Confirmed established commercial location, benefiting a shared yard space to the front elevation. from excellent road access with links to the Services Junction B6463 Todwick Road leading towards Units 3A to 3D - Industrial Terrace We understand that mains water, drainage and the A57 and Junction 31 of the M1 (2.7 miles) The four unit terrace is located to the rear of the electricity are understood to be connected to the and the B60 Station Road which links Thurcroft site and offers individual industrial units ranging property. We must stress that none of these and the M18. Making city of Sheffield and the from 1,547 sq ft - 2,524 sq ft with roller shutter services have been checked or tested. wider Sheffield regions are within easy access. door access, mezzanine areas and good eaves height. The four units are fully let to three tenants. EPC Description Unit 2 - Energy Performance Rating D (95) Waterside Business Park offers a multi let, A service charge budget is in place in respect of Units 3a & 3b - Energy Performance Rating D (78) mixed use business park in an established the communal areas. Unit 3c & 3d - Energy Performance Rating E (101) business location. Phoenix House Offices - To Be Confirmed Accommodation The property forms accommodation over three Description Sq M Sq Ft buildings, comprising a detached office block, Phoenix House Offices (NIA) 368.4 3,965 four terraced industrial unit and a detached unit Unit 2 - Detached Unit 537.1 5,781 with office block attached. There is a good sized Units 3A-D 691.2 7,440 shared yard area with ample circulation and parking space. Total Site 1,596.7 17,187 Phoenix House Offices Total site area of c. 1.12 acres The accommodation provides a bright, modern and open plan offices over two floors. The Tenure offices are well presented, and afford a good The property is available as freehold and to be standard of office fit out, complete with lift purchased with existing tenancies. access, air conditioning and secure off street parking. The offices are formed to provide three suites, currently occupied by two tenants with one suite unoccupied but the vendor will offer a years rent guarantee. Tenancy Schedule as of July 2019 S.25 Notice has been served Unit 2 Inframat Ltd 537.1 5781 Holding over TBC £ 27,000.00 £4.67 £27000.00 on the basis of a 5 year lease at £27,000 PAX. Holding over With lawyers on the basis of a Unit 3a White Distribution Ltd 143.7 1547 New lease Prior to 10 £ 5,500.00 £3.56 £5500.00 10 year term 5 year T break. completion Rent review to RPI Unit 3b Lloyd Clough & Sons 234.5 2524 01/01/2012 10 £ 10,500.00 £4.16 £5.00 £ 12,620.67 Reversionary Holding over In lawyers 10 year term 5 year Unit 3c Lee & Brown T/A Skyline 156.7 1687 New lease prior to 10 £ 8,500.00 £5.04 £8500.00 T break. Rent review to RPI completion Holding over 10 In lawyers 10 year term 5 year Unit 3d Lee & Brown T/A Skyline 156.3 1682 New lease prior to £ 8,500.00 £5.05 £8500.00 T break. Rent review to RPI completion Currently Unit A Phoenix House 1 year guarantee Rent guarantee (Vacant) 159.6 1718 1 £ 12,000.00 £7.00 £12000.00 Rent guarantee for 1 year marketed at Office (GF) from completion £13,500 pax Holding over Holding over. Short term Unit B Office (Part FF) Coastform Systems 91 980 New lease prior to 1 £ 6,500.00 £6.64 £7.50 £7346.36 Reversionary lease is pending. completion Holding over In lawyers 5 year lease 3 year Unit C Office (Part FF) UK Financial Consultants 117.8 1268 New lease prior to 5 £ 7,080.00 £5.58 £7.50 £9509.91 Reversionary T break and rent review. completion A rental guarantee of £12,000 per annum Is proposed in respect of the unoccupied ground floor office at Phoenix House. Lease agreements are available upon request. FOR SALE - Waterside Business Park, Dinnington, South Yorkshire, S25 3QA Investment Proposition Money Laundering The property comprises a multi let business park which will be sold as fully let with new lease The successful Tenant will be required to submit information to comply with Money Laundering agreements (see schedule . Most leases providing either RPI or open market reviews. Regulations. VAT Unless otherwise stated, all prices and rents quoted are exclusively of Valued Added Tax (VAT). Any intending tenant should satisfy themselves independently as to VAT in respect of this transaction. The vendor will entertain offers subject to the pending lease agreements being completed. Ask Viewings the agent for further information. Strictly by prior arrangement with the Sole Agent. FOR SALE - Waterside Business Park, Dinnington, South Yorkshire, S25 3QA Approximate Travel Distances Locations ● M1 (2.7 Miles) ● Sheffield (13.3 Miles) ● Doncaster (15.4 Miles) Sat Nav Post Code ● S25 3QA Nearest station ● Kiveton Bridge (3.4 Miles) Nearest Airports ● Doncaster Sheffield Airport (19.6 Miles) Please note: Fisher German LLP and any Joint Agents give notice that: The particulars are produced in good faith are set out as a general guide only and do not constitute or form any part of an offer or any contract. No person within Fisher German has any authority to make or give representation or warranty on any property..
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