TYPEGeneral Industrial, Other, Retail Park, Industrial, Other Property Types & Opportunities, Retail
TENUREBusiness for sale, Investment Opportunity, For Sale Freehold
POSTED ON27th November 2024
Description
Description
The property comprises a purpose built 7,750 sq ft multi let warehouse split into 3 individual units. It is of a portal frame construction with brick elevations.
Units 1 and 2 benefit from a yard area fronting onto Covert Road, providing ample car parking. Principal access for unit 3 fronts onto Cooting road.
Terms
Sibley Pares are instructed to sell the freehold interest subject to the occupational tenancies.
Rent/Price
Our clients are seeking offers in the region of £775,000 subject to contract and exclusive of VAT.
A purchase at this level would reflect a Net Initial Yield of 7.58% and a potential reversionary yield of 8.20% after allowance for SDLT costs of 3.76%.
Please see the Marketing Particulars for further information. ( Agency Pilot Software ref: 202851 )
