The property, which totals 49,475 sq ft, was constructed in 1996 of steel frame with metal cladding. To the southern elevation there is a single storey ancillary office building with offices, meeting rooms, reception, kitchen and WC facilities.
The eaves height is 13.8m. There are roller shutter doors with a width of 6.1m and a height of 6.6m. Site of 3.09 acres, which equates to coverage of approximately 40%.
The property is located in Foxhills Industrial Park, which is an established industrial and distribution estate. The estate is located approximately four miles north west of Scunthorpe town centre and approximately 2.5 miles from the M181 and A18.
Let to Fibrecycle UK Ltd until January 2025 with a break in January 2020.
Tenure: 299 year lease from 2004 at a peppercorn rent.
Structure
The property was part of the Amber Portfolio. See ‘Amber Portfolio section for further details.
Asset Management/Value-Add
Title issue identified during “on boarding” of appointment to asset manage the portfolio. Initiated detailed investigation and obtained quotations for title indemnity cover.
