Unit 4 Phoenix Enterprise Park, Grovehill Road

Beverley, HU17 0JG

Buy £300,000

OFFICE / INDUSTRIAL INVESTMENT FOR SALE

Let to Stonbury Limited

Office/industrial investment opportunity

Parking for c.10 cars with some electric charging points

Rent generated £26,000 per annum

Lease expiring May 2028

£300,000 subject to the current tenant income

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Beverley is a highly regarded market town in East Yorkshire situated approximately 10 miles to the north of Hull.

The property is located on the north side of Grovehill Road Industrial Estate, just on the corner of Beverley’s historic shipyard and is approximately 2 miles from the attractive town centre of historic Beverley. The property is located in an area of mixed uses including offices, industrial, storage and showrooms.

Description

The property provides office premises and industrial warehouse, both benefiting from their own access but have a shared car parking yard for around c.10 cars and also benefits from some electric charging points.

The warehouse premises is of single-storey galvanised steel frame construction with insulated profile sheet cladding with eaves height of 3.1m (10 ft) and ridge height of 4.0m (13 ft). The workshop benefits from concrete flooring, 3 phase electricity, 2 manual roller shutter doors of 2m (6.5 ft) wide by 2.8m (9 ft) high and LED strip lighting.

Accommodation

Offices

228.1 sq m

(2,455 sq ft)

Warehouse

113.0 sq m

(1,216 sq ft)

The property is held on a full repairing and insuring lease for a term of years expiring 31 May 2028 paying a rent of £26,000 per annum. The property is let to Stonbury Limited.

Stonbury Limited results:

2023

2022

2021

Turnover

£49,240,000

£44,684,000

£31,824,000

Pre-tax Profit

£5,581,000

£2,333,000

-£27,000

Shareholders Funds

£9,364,000

£3,815,000

£1,926,000

Terms

The property is offered For Sale freehold at a guide price of £300,000 subject to the current tenant.

ENERGY PERFORMANCE RATING: E (112) – valid until 10 September 2034

The property is described as ‘Offices & Premises’ with a rateable value of £13,500.

Property Enquiry

Unit 4 Phoenix Enterprise Park, Grovehill Road

Unit 4 Phoenix Enterprise Park, Grovehill Road