Lot
024
Auction Ends: 24/09/2025

Commercial Units, Manby Middlegate, Manby, Louth, Lincolnshire, LN11 8EB

Property Details
Location
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.
Accommodation

The following accommodation schedule and sizes have been provided by the vendor. Pugh & Co have not measured any of the units internally and the prospective purchasers must rely solely upon their own enquiries in regard to the accuracy;

Unit 1Office / Workshop / Store121 Sq.M
Unit 2Workshop / Store205 Sq.M
Unit 3Workshop69 Sq.M
Unit 4Workshop69 Sq.M
Unit 5Workshop69 Sq.M
Unit 6Workshop69. Sq.M
Unit 7Workshop69 Sq.M
Unit 8Workshop69 Sq.M
Unit 9 - Unit 11Workshop / Mezz / Office / Staff364 Sq.M
Unit 12Workshop / Office84 Sq.M
Unit 13

Unit 14

Storage Container / Workshop

Approx Site Area
Approximately 2.8 Acres (1.1 Hectares)
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
Tenancy

A full tenancy schedule is included within the legal pack

Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
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 =

Our Nearest Office

Nottingham 600x300

Nottingham

Joint Agent

Eddisons
Contact: James Butcher

You may also like

006

Former Salvation Army, Somersby Avenue, Mablethorpe, Lincolnshire, LN12 1HH

Auction Ends: 27/08/2025

Guide Price: £150,000 plus

Search Available
Online Auctions
Search online auction icon
Guide to
Buying at Auction
Buying guide icon
Guide to Selling
Your Property
Selling guide icon
Sign Up For
Auction Alerts
Alert icon