Crabtree Rd 13,096 SF 100% Leased Industrial Building Egham TW20 8RB £3,200,000 (£244.35/SF) 7.19% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Great local amenities
- Egham and Staines train stations are 10-minutes away by car
- Junction 13 of the M25 is approximately 3 miles away
EXECUTIVE SUMMARY
Modern multi-use commercial building (Class-E) over ground and first floors (13,096sqft NIA). The units are interconnected and let to one tenant, however do offer the possibility to be split into smaller units. Building, parking and yard space forms part of Egham Business Village. The estate is wellmaintained and delivers ample parking and yard space to each of its occupiers. Property was constructed in 1997 of block and brick construction. Accommodation is of a high spec and split as warehousing and office, benefitting from roller shutter systems, Cat-5 cabling, comfort cooling, CCTV and alarm systems. Building is currently fully-let and offers investors future rental growth with fixed rent increases within the lease and an ERV currently estimated at £20psf (£261,920pax).
PROPERTY FACTS
| Price | £3,200,000 |
| Price Per SF | £244.35 |
| Sale Type | Investment |
| Net Initial Yield | 7.19% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Rentable Building Area | 13,096 SF |
| Number of Floors | 2 |
| Year Built | 1977 |
| Level Access Doors | 3 |
AMENITIES
- Security System
- Roller Shutters
- Recessed Lighting
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