FREEHOLD INDUSTRIAL INVESTMENT - 8 units in an established commercial location close to the town's major retail and trade parks - a proposed sale and leaseback of 6 units occupied by Superdry for its HQ operations - 2 units to be sold with vacant possession, with scope for future refurbishment/ redevelopment - Total site area of approx. 1.96 acres (0.79 hectares) - Total floor area of 46,440 sq ft (4,314 sq m) GIA approx. - Passing rent of GBP 248,443 per annum exclusive reflecting an average rent of GBP 7.50 per sq ft - Good occupational demand in this location We are seeking offers of GBP 4,415,000 for our client's interest, subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.9% when fully let, and a capital value of GBP 95 per sq ft, allowing for purchaser's costs at 6.56% at this level.
(From Caldes Software. Property Ref: N49419. May 17 2023 7:17PM)
