Marketed by
Roche Chartered Surveyors
Norfolk
Norwich NR1 1DL, UK
New
1 of 10
£5,400,000
Tilia Business Park, Horning Road, Hoveton, Norwich, NR12 8FN
98310 sq. ft (9133.31 m²)
Key features
- Total site area of 9.214 acres (3.73 ha).
- Reversionary rental income.
- Long term redevelopment potential.
- Holding company to be sold, with low stamp duty.
- Offers sought at £5,4000,000 which provides a net initial yield of 9.25% with an allowance of 2.5% for purchaser's costs, £240,000 for the bungalow and £260,000 for the development land.
Description
The Business Park comprises a number of separate units, with distinct construction and uses. The accommodation consists of:
Boat Building Facility - this is the most modern premises on the site and is of steel portal frame with insulated plastic-coated cladding to the roof and elevations. It is used for yacht construction. Adjacent to it is a brick and pantile roof office.
Potato Store - this is a steel portal frame warehouse facility which is used specifically for potato storage. It has insulated plastic coated cladding to the elevations and is divided into 4 separate warehousing units.
Former Cold Stores - there are 3 separate buildings which are of brick construction below a pitched concrete asbestos roof.
Car Park and Additional Development Land - to the south of the main accommodation is land rented as a car park of 0.6 acres and a further 1.26 acres for future development
THE TOTAL SITE AREA IS 9.2 ACRES (3.73 HA).
Boat Building Facility - this is the most modern premises on the site and is of steel portal frame with insulated plastic-coated cladding to the roof and elevations. It is used for yacht construction. Adjacent to it is a brick and pantile roof office.
Potato Store - this is a steel portal frame warehouse facility which is used specifically for potato storage. It has insulated plastic coated cladding to the elevations and is divided into 4 separate warehousing units.
Former Cold Stores - there are 3 separate buildings which are of brick construction below a pitched concrete asbestos roof.
Car Park and Additional Development Land - to the south of the main accommodation is land rented as a car park of 0.6 acres and a further 1.26 acres for future development
THE TOTAL SITE AREA IS 9.2 ACRES (3.73 HA).
Reference: 426106_sales
Marketed by
Roche Chartered Surveyors
Norfolk
Norwich NR1 1DL, UK
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