Manor St 20,217 SF Industrial Building Braintree CM7 3HS £2,000,000 (£98.93/SF) 5.18% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Leased to Huws Gray with approx. 40yrs unexpired, no breaks
- Very strong covenant
- Affluent market town within commuter belt to London
EXECUTIVE SUMMARY
Offers are invited in excess of £2,000,000 exclusive of VAT.
A purchase at this level would reflect a net initial yield of 5.51% (allowing for purchaser’s costs at 6.24%) [TOGC].
A purchase at this level would reflect a net initial yield of 5.51% (allowing for purchaser’s costs at 6.24%) [TOGC].
PROPERTY FACTS
| Price | £2,000,000 |
| Price Per SF | £98.93 |
| Sale Type | Investment |
| Net Initial Yield | 5.18% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.75 AC |
| Rentable Building Area | 20,217 SF |
| Number of Floors | 1 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 0.35/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 1 |
