RARE FREEHOLD INDUSTRIAL ESTATE INVESTMENT OPPORTUNITY COMES TO THE MARKET

Published 10 February 2022

A rare opportunity for investors to take advantage of the boom in demand for industrial units has come up with the announcement of the freehold sale of the Downham Grove Industrial Estate near Wymondham.

Capture6

The 0.88 acre property, which consists of 11 small industrial units totalling 9,400 sq ft, is being marketed by Arnolds Keys with an asking price of £415,000.  All of the units are currently let, returning an annual rental income of over £37,000 a year.

“There is currently a huge demand for light industrial units in Norfolk, and this kind of freehold investment opportunity is becoming increasingly rare,” said Nick O’Leary, head of commercial agency at Arnolds Keys.

“This is a fully-let estate on flexible tenancies, generating a good rental yield.  A potential buyer could either continue to enjoy the income which is being generated, or may want to upgrade the units to achieve a higher yield.”

The 11 light industrial units at Downham Grove range in size from 368sq ft to 2,249 sq ft.  the estate has a shared loading yard in front of the units, with a separate car parking area in which each unit has allocated spaces.

Full details of the Downham Grove Industrial Estate are available by contacting Arnolds Keys on 01603 620551 or nick.oleary@arnoldskeys.com.

Share this story

Arnolds Keys Oct 2021 07

Find out more Contact Nick O'Leary

>

Arnolds Keys Blog

Oak Street CGI 2

40 NEW HOMES TO BE BUILT ON OAK STREET IN NORWICH FOLLOWING £1.5 MILLION LAND DEAL

7 February 2022

Forty new homes are set to be built on the site of an 18th century brewery and maltings in Norwich, after a £1.5 million land deal brokered by Arnolds Keys,... Read more >

Downsizing

TOP TIPS FOR DOWNSIZING FROM SOMEONE WHO HAS MADE THE MOVE

4 February 2022

A key feature of a property market which is operating in an increasingly ageing population is the phenomenon of downsizing. Read more >

Simon Evans3

GET THE EVIDENCE – IT’S A PROVEN ROUTE TO GRANT APPLICATION SUCCESS

31 January 2022

It has been a really welcome boost to see a sustained period of settled weather at the start of the year, which has enabled a general catch-up to take place... Read more >

EG Photo

ARNOLDS KEYS TOPS THE LEAGUE OF COMMERCIAL PROPERTY DEALS DONE IN 2021

19 January 2022

Independent Norfolk-based property services firm Arnolds Keys has been named the county’s top commercial property deal-maker in 2021 by leading industry publication EGI (Estates Gazette), with the firm topping the... Read more >