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Freehold substation and meter room investment

Enderby, LE19 - Get Access

Description

Freehold investment property comprising a brick-built substation and plant room situated adjacent to a large industrial building, offering an ongoing investment opportunity. The substation and meter room are located adjacent to the King Street Buildings, with access to the meter room via King Street through two timber-framed doors, while access to the substation is provided via the yard area. The accommodation comprises a brick-built meter room measuring approximately 66.24 sq ft (6.15 sq m) and a substation measuring approximately 312 sq ft (28.99 sq m). The property is held freehold and is subject to existing lease agreements. The substation has been let from 14th June 2002 for a term of 14 years to East Midlands Electricity at a rent of £675.00 per annum, and the meter room is understood to be let at £500.00 per annum.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Low confidence Floor Area: 378 sq ft (Listing)

Valuing a specialist commercial utility asset requires an income-capitalisation and asset-backed approach rather than relying on standard residential or retail comparables. The property comprises a brick-built substation and meter room totalling 378 sq ft, located on King Street in Enderby. Current condition reflects basic utility accommodation with weathered timber doors and dated internal finishes requiring an estimated £3,000 in minor repairs. Floor area of 378 sq ft is derived from listing details.

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