Description
Located on Dallamires industrial estate, just off Ripon bypass is an opportunity to purchase a pair of modern warehouse units, freehold, as a fully income producing investment opportunity.
Located on Dallamires industrial estate, just off Ripon bypass is an opportunity to purchase a pair of modern warehouse units, freehold, as a fully income producing investment opportunity. The properties also come with excellent parking provision externally as shown in the site plan.
Unit 1 is let to GORDO JIU JITSU RIPON at a rent of £17,500 per annum. Their lease has just been renewed for a further 10 years from June 2024. The lease includes a market rent review on the anniversary of the third year of the term.
Unit 2 is let for a period of 10 years from September 2020 at £12,500 Per Annum, to Ripon MOT & Service Centre. The lease allows for 3 yearly rent reviews and we understand a rent review us currently outstanding.
The properties bring in a total income of £30,000 Per Annum with opportunities to lift rents in the future offering an investor an excellent return on their money.
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