Distribution warehouse brought to market with seven-figure price tag
Commercial property agency CPP is marketing a large distribution unit totalling 125,000 sq ft and is seeking offers of more than £4,550,000.
Located a 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.
It is close to the Hellaby Industrial Estate, which is home to occupiers including TNT, Clipper Logistics, UPS and KP Snacks, and also benefits from a prominent frontage to the A631 Rotherham Road.
CPP has been appointed to market the unit on behalf of a client which specialises in high quality logistics.
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 extremely 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 a highly prominent position close to a major motorway junction.”