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36 Moneyfield Ln 5,668 sq ft 100% Let Light Industrial Property Portsmouth PO3 5AY £800,000 (£141.14/sq ft) 6.13% Net Initial Yield
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
A guide price of £800,000 for the freehold interest, subject to contract. A purchase at this level would reflect a NIY of 6.13% and a reversionary yield of 7.61%. The whole site is let to SIG Trading Limited by way of a 15 year lease expiring 29 June 2031.
The property comprises a large concrete and brick-paved open yard, together with a number of industrial/workshop buildings totaling 5,688 sq ft, including an office/trade-counter element towards the front of the site. Overall, the site totals approximately 0.7 acres, with its main means of access being from Copnor Road. There are also separate accesses from Moneyfield Lane and Manor Park Avenue.
The property comprises a large concrete and brick-paved open yard, together with a number of industrial/workshop buildings totaling 5,688 sq ft, including an office/trade-counter element towards the front of the site. Overall, the site totals approximately 0.7 acres, with its main means of access being from Copnor Road. There are also separate accesses from Moneyfield Lane and Manor Park Avenue.
Property Facts
| Price | £800,000 | Costar Property Class | C |
| Price per sq ft | £141.14 | Total Plot Size | 0.70 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 5,668 sq ft |
| Yield | 6.13% | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Light Industrial | Parking Allocation | 1.24/1,000 sq ft |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Price | £800,000 |
| Price per sq ft | £141.14 |
| Sale Type | Investment |
| Yield | 6.13% |
| Tenure | Freehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | C |
| Total Plot Size | 0.70 ac |
| Net Internal Area (NIA) | 5,668 sq ft |
| No. Floors | 1 |
| Year Built | 1960 |
| Parking Allocation | 1.24/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Yard
- Roller Shutters
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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36 Moneyfield Ln
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