17 Waterloo Park
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17 Waterloo Park
6,790 SF Industrial Building Alcester B50 4JG £650,000 (£96/SF) 8.36% Net Initial Yield
Investment Highlights
- Two-storey office/ancillary accommodation
- Externally, loading and car parking is provided directly in-front of the units.
- Eave’s height of approximately 5.7 metres
Executive Summary
The properties are held on separate 125 ground leases from 25th December 1988 (approx. 89 years unexpired).
The current ground rent is £200 per annum (exclusive) to be paid annually in advance and reviewed every 15 years.
The existing occupier, Piltec Ltd, is looking to enter a new lease with the purchaser based on 3 – 5 years at £8 per sq. ft. (exclusive).
Last 3 years accounts available upon request.
The current ground rent is £200 per annum (exclusive) to be paid annually in advance and reviewed every 15 years.
The existing occupier, Piltec Ltd, is looking to enter a new lease with the purchaser based on 3 – 5 years at £8 per sq. ft. (exclusive).
Last 3 years accounts available upon request.
Property Facts
| Price | £650,000 | Property Subtype | Service |
| Price Per SF | £96 | Building Class | B |
| Sale Type | Investment | Lot Size | 3.05 AC |
| Net Initial Yield | 8.36% | Rentable Building Area | 6,790 SF |
| Sale Conditions | Sale & Leaseback | Number of Floors | 2 |
| Tenure | Long Leasehold | Year Built | 1994 |
| Property Type | Industrial | Tenancy | Single |
| Price | £650,000 |
| Price Per SF | £96 |
| Sale Type | Investment |
| Net Initial Yield | 8.36% |
| Sale Conditions | Sale & Leaseback |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 3.05 AC |
| Rentable Building Area | 6,790 SF |
| Number of Floors | 2 |
| Year Built | 1994 |
| Tenancy | Single |
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17 Waterloo Park
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