Size
6,566 sq.ft
Tenure
For Sale
Tower Square, Huntingdon, Cambridgeshire, PE29 7DT See location

Use Classes

Use class:
  • Investment
Other uses:

Tower Square, Huntingdon, Cambridgeshire, PE29 7DT

ID:

3014464

Buy From

£700,000

Stephen Power
Stephen Power

01480 415728

Description

Tower Square is a self-contained industrial estate of 14 units arranged on three sides to create a courtyard with central communal car parking and an access road along the front of the units. The units are of steel portal frame construction and predominantly under mono-pitched roofs with profile steel cladding and an eaves height increasing to the rear. The front elevations of the units are faced with brickwork with profile steel cladding above with roller shutter loading doors onto the central car park. The units have a separate pedestrian access leading to an office/reception facility. The four units comprise the following approximate areas: Unit No. Sq ft Sq M Rent Rent psf 3 1,633 151.71 £11,760.00 £7.20 4 2,484 230.74 £18,620.00 £7.49 5 1,219 114.23 £10,800.00 £8.85 6 1,230 114.31 £8,865.00 £7.21 Total 6,566 610.99 £50,045.00 £7.62 average *All measurements are approximate The units are currently let by way of four separate leases to Optikinetics Ltd (Company No. 00668106) on effective full repairing leases and are due to expire on 17 January 2025. The agents consider the passing rents to be below current open market rental values. In addition, the freehold of the whole estate is included which benefits from additional ground rental payments for Units 1, 2 & 7 to 14. The estate service charge is fully recoverable from occupiers, further details available on request.

Location

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