Size
6,551 sq.ft
Tenure
For Sale
4-7 Benedict Square, Dukesmead, Werrington, Peterborough, PE4 6GD See location

Use Classes

Use class:
  • Investment
Other uses:

    4-7 Benedict Square, Dukesmead, Werrington, Peterborough, PE4 6GD

    ID:

    3012290

    Buy

    £825,000

    Julian Welch
    Julian Welch

    01733 556 496

    Description

    Four Light Industrial / Storage units fronting Dukesmead and at the front of Benedict Square, a purpose built small unit scheme in the popular Werrington industrial area, approximately 3 miles to the north of Peterborough City Centre and within easy reach of the city's parkway system. The property is of steel portal frme construction under an insulated metal sheet clad monopitch roof with inset rooflights. Each unit benefits from SPV installations (reducing power costs for occupiers and also providing FIT income for the owner), three phase power, WC, small kitchenette, full height electric panel loading door and separate pedestrian entrance. Unit 6 also has a storage mezzanine to part. There are loading facilities to the front of the units and a total of 19 parking spaces to the front of the units. Units 4, 5 & 7 are currently let, produicing £33,700 pa. Unit 6 is being marketed to let at a rent of £16,000 pa. For the year ending December 2023, the vendor received FIT income of £3,285 from the SPV installation. Current ERV (excluding FIT income) is £57,000 pa. The properties are held by the Vendor on 999 year leases. NOTE - There is a specific restriction in the long leasehold title preventing use for any vehicle related purpose.

    Location

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