Property Information
Address:
Axis Park, Manasty Road, Peterborough, Cambridgeshire
, PE2 6UP
, Cambridgeshire
, United Kingdom
Price: Property no longer available.
Size: 308558 sq ft28665 sqm
Primary Category: Investment
All Categories:
Investment, Warehouse, Industrial,
Property Ref/Movehut: MH325100
Property Ref/Agent: Axis Park, Manasty Road, Peterborough, Cambridgeshire, PE2 6UP
*Please use the agent ref when calling the agent directly.
Property description
Overview
Plot
19.23 acres
Key Points
Located in Orton Southgate, adjacent to the A1(M) at Junction 17 and west of Peterborough city centre
The estate houses UK headquarters for a number of tenants and has good levels of tenant retention
Total floor area of 308,558 sq ft (28,666 sq m) across 45 units
Details
Description
High yielding multi-let industrial investment opportunity.
Axis Park comprises 45 industrial units arranged across eight terraces with a Gross Internal Area of 308,558 sq ft.
Built in 1984, the units are of steel frame construction with profile metal-clad elevations. The units have aluminium framed, double-glazed windows.
Each unit has a loading area with roller shutter door and integral office accommodation. The majority also have a brick built compound in the yard providing additional external storage space. Some tenants have added roofs to these to provide extra security and weather protection.
The estate benefits from 24 hour CCTV surveillance and a generous car parking provision across two large communal car parks.
Accommodation
Internally, some tenants have installed racking, while others have installed mezzanine floors. The units are subject to a variety of uses including storage, light manufacturing and offices.
Financial
Rent
The property is let to 23 tenants on 34 occupational leases producing rental income of 1,114,551 pa. This reflects £3.95 psf on the let accommodation.
Tenure
Freehold
Service Charge
The service charge budget for the year ending 31 December 2013 is £43,000 (£0.14 psf). Further information available upon request.
Scheme Specifications
Car Parking
CCTV
Loading Bay
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