Leading commercial property agency CPP has been instructed to market a large distribution unit totalling 125K sq ft seeking offers exceeding £4,550,000.
Located just one mile to the east of Junction 1 of the M18, the site spans approximately 7.41 acres and was let earlier this year on a five-year lease to the Carlton Forest Group – a warehousing, distribution and logistics provider.
The property comprises a detached distribution warehouse developed in three interlinked phases with steel portal framed structures which were fully refurbished in 2015.
Occupying a standalone position close to the Hellaby Industrial Estate, which is home to occupiers including TNT, Clipper Logistics, UPS and KP Snacks, it also benefits from a prominent frontage to the A631 Rotherham Road.
CPP has been appointed to market the unit on behalf of a client who specialises in high quality logistics, the quoting price provides a net initial yield of 9.00% and a low capital value of only £36 per sq ft.
Richard Wright, Partner at Commercial Property Partners, said: “The Yorkshire distribution market has seen sustained levels of demand from occupiers and take-up remains consistent with the five-year average currently at 3,000,000 sq ft.
“As a consequence, investor appetite remains extremally strong for well let, well located buildings such as Rotherham 125.
“The investment provides an excellent opportunity to acquire a high yielding distribution warehouse located in highly prominent position close to a major motorway junction.”