Industrial for sale in Screwfix Premises, 5 Albion Court, Studlands Park Avenue, Newmarket CB8, £800,000
800,000.00
Offer Nr.:
65174790
Type of ad:
for Sale
Property type:
Industrial
Contact name:
Hazells Chartered Surveyors
Phone(s):
01284 644983
Email:
* Freehold
**Key Points**
* Excellent covenant
* Long term site occupancy
* Established trade park location
* Annual rent £58, 000 per annum
* Lease expiry 7th February2032
* Lease renewed in 2022
* Gross yield 7. 25%
**Description**
Detached trade counter premises in the heart of Newmarket's established trade
counter location.
**Viewings**
Please contact the agents to arrange an internal inspection.
**Location**
Newmarket is situated approximately 14 miles northeast of Cambridge and 14
mileswest of Bury St Edmunds. It is adjacent to the A14 a strategically
important national trunk road linking Felixstowe port with the midlands and
wider UK. Newmarket has apopulation of 18, 864 (2021 census) and is considered
the birthplace and global centre of thoroughbred horse racing.
**Terms**
Offers are invited in the region of £800,000, no VAT.
**Lease**
The property is let to Screwfix Direct Ltd on a ten year part full repairing
and insuring lease (excluding roof) and subject to a schedule ofcondition,
with an expiry on 7th February 2032. Open market rent review and tenant break
clause 7th February 2027. The passing rent is £58, 000 per annum.
**Documents**
Please contact the agents for a copy of the lease, schedule of condition,
title plan and other information.
**Key Points**
* Excellent covenant
* Long term site occupancy
* Established trade park location
* Annual rent £58, 000 per annum
* Lease expiry 7th February
* Lease renewed in 2022
* Gross yield 7. 25%
**Description**
Detached trade counter premises in the heart of Newmarket's established trade
counter location.
**Viewings**
Please contact the agents to arrange an internal inspection.
**Location**
Newmarket is situated approximately 14 miles northeast of Cambridge and 14
miles
important national trunk road linking Felixstowe port with the midlands and
wider UK. Newmarket has a
the birthplace and global centre of thoroughbred horse racing.
**Terms**
Offers are invited in the region of £800,
**Lease**
The property is let to Screwfix Direct Ltd on a ten year part full repairing
and insuring lease (excluding roof) and subject to a schedule of
with an expiry on 7th February 2032. Open market rent review and tenant break
clause 7th February 2027. The passing rent is £58, 000 per annum.
**Documents**
Please contact the agents for a copy of the lease, schedule of condition,
title plan and other information.
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