- Unique opportunity to acquire an established training centre investment with significant land holdings and multiple asset management angles.
- Located off the A19 north of York via the Tollerton Road and immediately adjacent to the Burn Hall Hotel and close to the village of Huby.
- Substantial freehold site extending to 20.6 acres including 15 acres of undeveloped land, 14,407 sq ft of accommodation in various training buildings together with an unoccupied bungalow.
- Yorkshire Ambulance Service occupy part of the site by virtue of a lease which expired in 2014 and at a rent of £77,264 pa. Develop Training Centre occupy the remainder with a lease expiring in April 26 at a rent of £87,600 per annum.
- Total rent is £164,864 pa
- Asset management angles include, lease renewals with the existing tenants for longer terms, develop additional business units on the estate, refurbish and re-let the vacant bungalow, utilize the vacant land for grazing, solar farm, battery storage, holiday lodges or other higher value use subject to planning consent.
Offers in the region of £1,350,000 (One Million Three Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 11.52% after allowing for purchasers’ costs of 6.02% and a capital value per acre of £65,500.
