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For Sale£4,500,000.00

37-41 Holmethorpe Avenue, Redhill, RH1 2NB

General Industrial, Industrial
Property type: General Industrial, Industrial
Tenure: Investment Opportunity, For Sale Freehold
Price: £4,500,000.00
Location: 37-41 Holmethorpe Avenue, Redhill, RH1 2NB
Freehold Industrial Investment Opportunity

- Located on the well-established Holmethorpe Industrial Estate in Redhill Surrey
- Secure level site of approximately 2.05 acres
- Comprising five industrial units renovated in 2015, totalling 47,076 sq ft
- Passing rent £245,633 per annum exclusive, equating to a low average of £4.50 per sq ft with a reversionary rent of £398,070 per annum
- Offers in excess of £4.5 Million reflecting a low capital value figure of £82.31 per sq ft
- A purchase at this level would reflect a net initial yield of 5.11%, assuming purchaser's costs of 6.75% with a reversionary yield of 8.85%
- Freehold
- Good proximity to Central London with excellent road and rail links
- Good asset management potential with reversionary rents
( Agency Pilot Software Ref: 177 )
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