PE2 5 Milnyard Square, Orton Southgate, Peterborough

Industrial/workshop unit in Orton Southgate for sale as an investment, a semi-detached unit of steel frame construction with low level brickwork and profiled metal cladding to eaves and a pitched roof. Internally there is a mix of warehouse and office space, kitchen and WC facilities. The property is situated within a gated compound providing parking for approximately 40 vehicles. In addition there is an area to the side of the property which can be used for parking if required and storage space to the rear of the property.

The property is let to Upp Corporation Ltd on a 10 year lease commencing from 7 September 2022 at a rent of £50,000 per annum. The tenant has an option to break at the end of the third, sixth and ninth anniversary subject to 6 months notice.

Peterborough is a cathedral city in Cambridgeshire. The city is located approximately 80 miles north of London, 77 miles east of Birmingham and 32 miles north of Cambridge. The city has excellent rail with the fastest journey time to London's Kings Cross being approximately 45 minutes. Peterborough benefits from a diverse economy, ranging from small businesses to large global headquarters and has been recognised as one of the fastest growing cities in the UK by population.

The unit is located in Orton Southgate, Peterborough's prime commercial location approximately 6 miles north of Peterborough city centre and close to J17 of the A1(M).

Rental Income: £50,000pa

Tenant: Upp Corporation Limited

EPC Rating: C

No VAT on purchase

Recently refurbished

Front, side and rear parking