Units 3, Dear Street, Market Rasen, Lincolnshire LN8 3BH

Description

The property comprises a freehold light industrial investment extending to approximately 2,661 sq ft (247.30 sq m), currently occupied by a gym operator on a licence agreement producing £6,000 per annum. We consider the property offers clear asset management potential, with the opportunity to regear the existing occupation and secure a longer-term lease arrangement. The property may also be suitable for alternative uses, subject to obtaining the requisite consents.

Accommodation

Workshop unit fitted as gym; approximately 2,661 sq ft (247.30 sq m)

Location

Situated within an established light industrial parade accessed from both Dear Street and Market Place, the principal retail pitch in Market Rasen. The surrounding area is characterised by a mix of similar light industrial and commercial occupiers.

Tenure / Property Information

Investment Analysis

The supplied sold comparables are residential freehold properties and are not reliable evidence of value for this 2,661 sq ft freehold light industrial unit. No commercial comparable, valuation, capitalisation yield or market-rent evidence is supplied, so GDV and a supported maximum bid cannot be established. The £25,000 guide is before any buyer fee, VAT or other seller charges, which are also unspecified.

Investment Snapshot

Strategy Recommendation

Treat as a commercial income and asset-management opportunity only. Obtain the legal pack, verify the licence and income, establish commercial valuation/rent evidence and confirm all buyer, VAT and other charges before bidding.

Works Required

No physical defects or refurbishment requirements are evidenced. The stated opportunity is asset management: review the licence, regear the occupation and seek a longer-term lease. Any alternative use would require the requisite consents.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment is not supportable because no commercial GDV, refinance valuation, works budget, lending terms or market rent are supplied. The current occupation and licence should be legally reviewed before relying on the stated income.

Buy-to-Let Analysis

This is a commercial light industrial investment rather than a residential BTL. The property is stated to produce £6,000 per annum under a licence agreement, equivalent to a 24.0% gross income yield against the £25,000 guide before fees and VAT. A market yield, sustainable commercial rent and net yield cannot be established from the supplied evidence.

Flip Analysis

A flip appraisal cannot be established. The supplied sold comparables are residential and do not evidence the resale value of this light industrial unit; no refurbishment scope, commercial GDV or selling-cost allowance is provided.

Investor Risks & Due Diligence

• The occupation is under a licence agreement rather than a stated longer-term lease.

• The £6,000 annual income and occupier position should be verified from the legal and financial information.

• Regearing the occupation is only an identified opportunity, not a secured outcome.

• Alternative uses are subject to obtaining the requisite consents.

• Buyer fees, VAT and other seller charges are unspecified and excluded from the guide.

• The supplied sold comparables are residential and may not indicate the value of this commercial unit.

Recommendation

Treat as a commercial income and asset-management opportunity only. Obtain the legal pack, verify the licence and income, establish commercial valuation/rent evidence and confirm all buyer, VAT and other charges before bidding.

Strategy Rating

Analysis Confidence

The property description, stated annual income, tenure, guide and floor area are available, but there is no commercial valuation evidence, market-rent evidence, condition survey, fee schedule, EPC or legal-pack detail.