Modern reversionary multi-let industrial estate

Modern reversionary multi-let industrial estate located in Carnforth. Excellent transport connectivity being located approximately 3.0. The estate’s existing accommodation comprises mainly light industrial units of varying sizes, together with a small number of office units. The total estate extends to 172,151 sq ft. Let to 8 high quality tenants, including Ace Joinery Services, Ronal Bathrooms and MSP Technologies. WAULT of 5.64 years to expiry (2.87 years to break). Planning consent has been granted for the delivery of 36,791 sq ft of new build industrial accommodation across the site’s development land. The site’s development land extends to approximately 1.68 acres. Opportunity to drive value and enhance capital value via. New build accommodation across the site’s development land. Planning has been granted for the delivery of 36,791 sq ft of new build industrial space. Increase open storage land provision across the estate. Rolling refurbishment of the existing estate. Lease re-gears and renewals. Support the growth of existing tenants. Very low net passing rent of £1,097,354 per annum, reflecting an average industrial rent of £6.10 per sq ft. Highly reversionary with an Estimated Net Rental Value of £1,290,688 per annum, reflecting an average industrial rent of £7.10 per sq ft. The total freehold estate extends to approximately 39.44 acres. This is split between industrial area of approx 17.79 acres and arable / grazing land of approx 21.65 acres.