Property Information
Address:
4-7 Benedict Square, Dukesmead, Peterborough
, PE4 6GD
Price: Sale Price: £840,000
Size: 6551 sq ft609 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH674340
Property Ref/Agent: 3012290
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: May 22, 2024
Property description
Four Light Industrial / Storage units fronting Dukesmead and at the front of Benedict Square, a purpose built small unit scheme in the popular Werrington industrial area, approximately 3 miles to the north of Peterborough City Centre and within easy reach of the city's parkway system. The property is of steel portal frme construction under an insulated metal sheet clad monopitch roof with inset rooflights. Each unit benefits from SPV installations (reducing power costs for occupiers and also providing FIT income for the owner), three phase power, WC, small kitchenette, full height electric panel loading door and separate pedestrian entrance. Unit 6 also has a storage mezzanine to part. There are loading facilities to the front of the units and a total of 19 parking spaces to the front of the units. Currently fully let and producing £51,650 pa in rental income. For the year ending December 2023, the vendor also received FIT income of £3,285 from the SPV installation.
The properties are held by the Vendor on 999 year leases. NOTE -
There is a specific restriction in the long leasehold title preventing use for any vehicle related purpose.
4 terraced units in popular location
Producing £51,650 pa Plus FIT income
Solar PV provides cheap power for occupiers and FIT for owner (£3,285 income y/e 2023)
All units qualify for small business rates relief.
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