Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

October 2018

Screwfix, Ripon Road Industrial Estate, Ripon Way, Harrogate, HG1 2AU

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The property is located one mile north-west of Harrogate town centre on A61 Ripon Road.  The property comprises an end of terrace trade counter unit of 12,043 sq.ft.  Let to Screwfix Direct Ltd for a term of 10 years from 28 June 2012.  Rent £67,000 per annum.  Offers sought in excess of £905,000 which reflects a net initial yield of 7.0%, assuming purchaser’s costs of 5.68%.

Franck Steier Price has recently completed the sale of a well let industrial investment on behalf of a private SIPP client.

The property is located on Ripon Road Industrial Estate, an established industrial/trade location just north of Harrogate town centre.

The property comprised an end terraced unit of 12,043 sqft. The unit was let to Screwfix Direct Ltd on a lease expiring on 27 June 2022 at a passing rent of £67,000 per annum (£5.56 per sqft).

The property was sold to a private investor for £1,000,000 which reflected an initial yield of 6.34%.