Commercial Units, Manby Middlegate, Manby, Louth, Lincolnshire, LN11 8EB
Business rates & charges may apply
- SIZE
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- SECTOR
Commercial property for sale
Key features
- TO BE SOLD BY PUBLIC ONLINE AUCTION ON 24TH SEPTEMBER 2025.
- PLEASE BE AWARE THAT THESE DETAILS ARE OFTEN UPDATED AND SUBJECT TO CHANGE ANY TIME BEFORE THE AUCTION.
- YOU MUST NOT RELY ON THE INFORMATION BELOW AND SHOULD VIEW FULL PARTICULARS AND ANY ADDENDUMS ON THE AUCTIONEER'S WEBSITE.
Description
FREEHOLD INDUSTRIAL INVESTMENT - Current rental £61,000 p/a (c £70,000 p/a when fully let) (representative of gross rental yield c .10% at last quoted guide price) with excellent opportunity for further increased income. A site of about 2.8 acres (1.1 hectares), with gated entrance includes 14 individual industrial units, 1 storage container / workshop, hard standing compounds and a small green landscaped area. The site benefits planning permission for development of a further 6no units and provides opportunity for further development / storage opportunities. The estate, previously part of the RAF Manby has always seen high demand for units and currently 12 of the 14 units are let with the 2 vacant units recently handed back from Lincolnshire County Council.
Planning
Planning permission was approved by East Lindsey District Council on 9th April 2024 to provide 6 new industrial units. Planning ref - N/113/00213/24
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD SEPTEMBER AND CLOSES ON WEDNESDAY 24TH SEPTEMBER.
3. Energy Performance Certificate =
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
Approx Site Area
Approximately 2.8 Acres (1.1 Hectares)
Commercial Units, Manby Middlegate, Manby, Louth, Lincolnshire, LN11 8EB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Cleethorpes Station14.6 miles
Notes
Disclaimer - Property reference 120064FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by PUGH & COMPANY LIMITED, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call PUGH & COMPANY LIMITED, Manchester on 01942 559576.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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