Ghyll Rd 12,750 SF Industrial Building Heathfield TN21 8AW £1,000,000 (£78.43/SF)
INVESTMENT HIGHLIGHTS
- HQ style building situated on a site of 0.47 acres
- Industrial storage facility with a mezzanine floor
- Tarmac surfaced yard for loading and parking.
EXECUTIVE SUMMARY
The Property will be let by way of a 5-year lease to TFC Europe. The passing rent will be £80,000 pa which reflects a rent of £8 psf. The lease will be subject to a tenant only break and an upwards only RPI linked rent-review (2%-4%) at year 5.
Instructed to seek offers in excess of £1,000,000 (One Million Pounds) for the freehold interest in the site. A purchase at this level is reflective of a NIY of 7.57% and a low
capital value of £100 per sq ft, allowing for standard purchasers costs of 5.75%
Alternatively, the property is available with vacant possession.
Instructed to seek offers in excess of £1,000,000 (One Million Pounds) for the freehold interest in the site. A purchase at this level is reflective of a NIY of 7.57% and a low
capital value of £100 per sq ft, allowing for standard purchasers costs of 5.75%
Alternatively, the property is available with vacant possession.
PROPERTY FACTS
| Price | £1,000,000 |
| Price Per SF | £78.43 |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | B |
| Lot Size | 0.47 AC |
| Rentable Building Area | 12,750 SF |
| Number of Floors | 2 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 0.71/1,000 SF |
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