The Street
Lamas
Offers in the region of
£975,000
SHARE
PROPERTY TYPE
Commercial Development
Industrial
Investment
Investment - Industrial
Investment - Land
Land
Size
24,234 sqft
The property comprises a commercial site upon which there are various buildings, including a converted barn for offices/storage and four detached blocks for warehousing and industrial use. There are a total of 11 separate units plus offices.
The buildings comprise a mix of older-style structures, including a traditional Norfolk barn that has been significantly extended and adapted forming Units 5, 6, 9, 11, and the offices. Additional buildings are of blockwork construction with colour-washed façades beneath pitched fibre cement sheet roofs.
Externally, there is concrete forecourt parking available for each unit.
There is also an additional parcel of land extending to approximately 2.2 acres to the rear of the business centre, currently laid to grass/shrubbery which borders agricultural land to the south and residential dwellings to the north.
The industrial site benefits from unrestricted use under Class E(g) (formerly B1), as well as Classes B2 and B8, with no planning restrictions.
The property is held within a single purpose vehicle (SPV), and the company is available for sale, offering potential Stamp Duty Land Tax (SDLT) savings.
Key Features
- -RARE OPPORTUNITY TO ACQUIRE FREEHOLD MULTI-LET INDUSTRIAL ESTATE
- -COMPRISING 11 UNITS TOTALLING 24,234 SQFT GIA
- -TOTAL INCOME OF £90,128 PA
- -TOTAL SITE AREA 4.5 ACRES
- -DEVELOPMENT POTENTIAL (STP)
- -CURRENT USE CLASS E(g) B2 AND B8
- -FREEHOLD
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