Kiln Lane Trading Estate, Kiln Lane, Immingham, N Lincolnshire, DN41 8DY
Tenant: Multi Let
Size: 117,458 sq ft
Value: £2,600,000
Yield: 9.25%
An established self-contained industrial estate comprising 117,458 sq ft across 18 units. The property occupies a good strategic location, Immediately to the south of the Port of Immingham with good access to the M180..
The property is let to 13 different tenants and produces a total income of £255,735 per annum, with passing rents ranging from just £1.98 – £4.57 per sq ft. Currently three units vacant totalling 9,104 sq ft with a potential ERV of £308,061 per annum.
The purchase price offers a potential reversionary yield of 11.14% and reflects a low capital value of £22.13 per sq ft.
