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Agent's details

Technocover Ltd Unit C, Henfaes Lane , Welshpool, Wales, SY21 7BE

For sale: £2,000,000.00|62,491 Sq Ft|Warehouse, General Industrial, Other, Industrial, Other Property Types & Opportunities

Property details

FOR SALE£2,000,000.00
SIZE62,491 Sq Ft
ADDRESSTechnocover Ltd Unit C, Henfaes Lane , Welshpool, Wales, SY21 7BE
TYPEWarehouse, General Industrial, Other, Industrial, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON27th September 2021

Description

- Industrial sale and leaseback investment
- Property to be let in its entirety to Technocover Limited on a 10-year term without break
- 62,491 sq.ft. GIA on 5.5-acre site, with low site coverage of 24%
- Reversionary investment with low initial base rent
- Total income receivable of £165,750 p.a.
- ERV of £193,200 p.a.
- Long-established occupier with over 25 years of trading history at the property
- Offers in the order of £2 million sought for the freehold interest, representing a low capital value of £32 per sq.ft.
- Quoting price reflects net initial yield of 7.68% and reversionary yield of 8.95% allowing for standard purchaser's costs
- Additional land available by way of separate negotiation

Key Features


( Agency Pilot Software Ref: 110645 )

Location

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Location: Technocover Ltd Unit C, Henfaes Lane , Welshpool, Wales, SY21 7BE

Welshpool (0.3 miles)

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