Tate Business Park 3 Properties Offered at £3,600,000 in Spalding
INVESTMENT HIGHLIGHTS
- Approximately 10 Acre Business Park
- Numerous Industrial/Storage units
- Approximately 2.5 miles from the centre of Spalding
- 2 well-appointed office buildings
- Additional Storage Land/Development opportunitiy
EXECUTIVE SUMMARY
Offices and Industrial unit let to Freckleface from Feb 22 for 10 years at £60,000 per annum plus VAT
Remaining Industrial Storage Units let to 5 different tenants with an annual rent of Circa £178,000 per annum plus VAT
Container and trailer storage for 7 tenants with a combined revenue of £35,000 per annum plus VAT
Total Net revenue of £273,000 per annum plus VAT
In addition, Space occupied by the Vendor has an ERV of circa £65,000 per annum
Combined ERV of circa £338,000 per annum plus VAT when fully let.
Remaining Industrial Storage Units let to 5 different tenants with an annual rent of Circa £178,000 per annum plus VAT
Container and trailer storage for 7 tenants with a combined revenue of £35,000 per annum plus VAT
Total Net revenue of £273,000 per annum plus VAT
In addition, Space occupied by the Vendor has an ERV of circa £65,000 per annum
Combined ERV of circa £338,000 per annum plus VAT when fully let.
PROPERTY FACTS
| Price | £3,600,000 |
| Price / SF | £47.03 / SF |
| Net Initial Yield | 7.58% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 76,548 SF |
| Total Land Area | 10.24 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Industrial Building
Dozens Bank, Spalding PE11 3LX |
Industrial | 42,696 SF | 1990 | - |
|
Office Building
Dozens Bank, Spalding PE11 3LX |
Office | 6,548 SF | 2010 | - |
| 4 Dozens Bank, Spalding PE11 3NF | Industrial | 27,304 SF | 1990 | - |
