Albion Mills Retail Park Ings Rd 55,940 SF 100% Leased Retail Building Wakefield WF2 9SA £9,720,000 (£173.76/SF) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Good raod links
- Close proximity to local amenities
- Good transport links
EXECUTIVE SUMMARY
Offers in excess of £9,720,000 (Nine Million Seven Hundred and Twenty Thousand Pounds), exclusive of VAT. A purchase at this level reflects a 7.50% Net Initial Yield, assuming the purchaser’s costs of 6.69%. The property comprises an attractive purpose-built retail warehouse scheme consisting of two units, extending to 55,940 sq ft GIA
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Retail
Building Size
55,940 SF
Building Class
B
Year Built
1991
Price
£9,720,000
Price Per SF
£173.76
Net Initial Yield
7.50%
NOI
£729,000
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.40
Lot Size
3.21 AC
Parking
183 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
373 ft on Ings Road
AMENITIES
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
