Commercial · For sale

Morley Court, Peterborough – Multi-Let Industrial Investment with Redevelopment Potential

Shrewsbury Avenue, Peterborough, Peterborough, PE2 7EP

Offers over £8,200,000

Tenure

Freehold

Added

18 Oct 2026

About this property

A multi-let building providing industrial, light industrial and office accommodation of approximately 135,182 sq ft, with an additional c.1 acre of storage land. Developed in the 1980s. • Units 1, 2 & 3 - industrial units of 43,595 - 53,884 sq ft including ground floor offices; steel portal frame; Unit 1 has 3 and Units 2 & 3 have 4 level access doors; 6.7m minimum eaves. • Units 4, 5, 6 & 7 - trade counter units on the eastern elevation of 2,931 - 5,718 sq ft; steel portal frame; one level access door each. • Offices - on the northern elevation; Green Circle Logistics occupies the ground floor and the first floor is vacant. • Industrial open storage - a tarmacadam car park of c.1.00 acre on the western boundary.

Key points: - Well located, high yielding multi-let industrial investment. - Total area 135,182 sq ft (GIA), plus c.1 acre (43,560 sq ft) of industrial open storage (IOS). - 9.23 acre site with a very low site cover of 34%. - Current passing rent £786,308 pa - £5.17 per sq ft on the built accommodation and £2.00 per sq ft on the IOS. - All tenants contracted outside the L&T Act 1954; vacant possession achievable by October 2028. - Significant redevelopment potential - future uses include industrial and logistics or IOS. - Established industrial location close to the A1139, with direct access to Junction 17 of the A1(M). - Units 1, 2 & 3 - industrial units of 43,595 - 53,884 sq ft including ground floor offices; steel portal frame; Unit 1 has 3 and Units 2 & 3 have 4 level access doors; 6.7m minimum eaves. - Units 4, 5, 6 & 7 - trade counter units on the eastern elevation of 2,931 - 5,718 sq ft; steel portal frame; one level access door each. - Offices - on the northern elevation; Green Circle Logistics occupies the ground floor and the first floor is vacant.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• Passing Rent: £786.3k pa
• Net Initial Yield: 9.00%
• Tenure: Freehold