- Modern trade counter unit extending to 4,047 sqft.
- Steel portal frame construction with metal profile sheet clad roof and part brick and profile sheet elevations.
- Prominent location on an established industrial trade park.
- Excellent road and rail links, Junction 9 A1(M) approximately 1 mile, Junction 23 of the M25 approximately 22 miles.
- Let to Screwfix Direct Limited (03006378) on a 10-year lease from 19th November 2021.
- Low passing rent of £35,000 per annum equating to £8.65 psf.
- ERV of £48,865 per annum.
- Full repairing and insuring.
- There is a tenant’s break option at year 5.
- The tenant has been in occupation since November 2011.
- Long leasehold for 150 years from 11 December 2009 at £10 per annum doubling every 15 years.
- Planning use of B1, B2 and B8.
- Investment value underpinned by vacant possession value.
We are instructed to seek offers in excess of £525,000 (Five Hundred and Twenty-Five Thousand Pounds) which reflects the following yield profile;
Net Initial Yield of 6.36%
Reversion off ERV to 8.82%
Low capital value of £126.73 psf
Purchasers’ costs of 4.80%
For further details contact:
Mark Rooke, Director
Direct Dial: 0121 214 1972
Mobile: 07985 877578
Email : mrooke@mk2.co.uk
