Freehold Industrial Investment
Commercial Units, Manby Middlegate, Manby, Louth, Lincolnshire LN11 8EB
£700,000
24 September 2025
GUIDE PRICE
AUCTION DATE
Property Details 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 1 Office / Workshop / Store 121 Sq.M Unit 2 Workshop / Store 205 Sq.M Unit 3 Workshop 69 Sq.M Unit 4 Workshop 69 Sq.M Unit 5 Workshop 69 Sq.M Unit 6 Workshop 69. Sq.M Unit 7 Workshop 69 Sq.M Unit 8 Workshop 69 Sq.M Unit 9 - Unit 11 Workshop / Mezz / Office / Staff 364 Sq.M Unit 12 Workshop / Office 84 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 =
Manby Middlegate, LN11
Guide Price
£700,000
Auction Date
24 Sep 2025
Lot
024
Auctioneer
Mark Jenkinson & Son
Mark Jenkinson & Son
0114 276 0151
About Mark Jenkinson & Son
With a strong reputation for professional advice in the residential, and commercial property sectors, the city centre practice is nationally renowned for being the region's most successful firm of auctioneers, and one of the only ones in the North of England to be committed to nine sales each year.