Manby Road, Immingham DN40 2LJ

Immingham, DN40 2LJ

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Acquired
Manby Road, Immingham DN40 2LJ
Price £915,000
Rent (pa) £40,250
Yield 4.16%

Investment Summary

  • Well secured ground lease investment
  • Freehold
  • Strategically located adjacent to Immingham Dock
  • Two adjoining sites extending to c. 6.0 acres
  • Let to two tenants with long unexpired terms of 42.75 years
  • Total passing rent of £40,250 per annum – equating to a low £6,700 per acre
  • Strong potential for reversion at 2022 review
  • Asset management opportunity to drive value on the undeveloped area, subject to tenant negotiation
  • £915,000
  • 4.16% NIY
Town Immingham
Postcode DN40 2LJ
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