RARE FREEHOLD INDUSTRIAL ESTATE INVESTMENT OPPORTUNITY COMES TO THE MARKET
A rare opportunity for investors to take advantage of the boom in demand for industrial units has come up with the announcement of the freehold sale of the Downham Grove Industrial Estate near Wymondham.
The 0.88 acre property, which consists of 11 small industrial units totalling 9,400 sq ft, is being marketed by Arnolds Keys with an asking price of £415,000. All of the units are currently let, returning an annual rental income of over £37,000 a year.
“There is currently a huge demand for light industrial units in Norfolk, and this kind of freehold investment opportunity is becoming increasingly rare,” said Nick O’Leary, head of commercial agency at Arnolds Keys.
“This is a fully-let estate on flexible tenancies, generating a good rental yield. A potential buyer could either continue to enjoy the income which is being generated, or may want to upgrade the units to achieve a higher yield.”
The 11 light industrial units at Downham Grove range in size from 368sq ft to 2,249 sq ft. the estate has a shared loading yard in front of the units, with a separate car parking area in which each unit has allocated spaces.
Full details of the Downham Grove Industrial Estate are available by contacting Arnolds Keys on 01603 620551 or email@example.com.