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38 Lagland St 1,603 sq ft Industrial Property Poole BH15 1RU £195,000 (£121.65/sq ft) 6.79% Net Initial Yield
INVESTMENT HIGHLIGHTS
- For sale freehold
- Annual Rental income of £13,250 per annum excl
- Existing buildings being used for storage
- Overall site area of approx. 0.023 hectares (0.058 acre)
EXECUTIVE SUMMARY
For Sale Freehold subject to an existing Tenancy Agreement dated 21 January 2011 granted to Rawlins Davy Reeves at an annual rent of £13,250 per annum exclusive payable monthly in advance for £195,000 exclusive. The property is not subject to VAT.
The Tenants have an internal repairing obligation only recorded by a photographic schedule. The Tenancy has a rolling 3 month break clause and falls within the Security of Tenure Provisions of the Landlord and Tenant act 1954 Part II.
The Tenants have an internal repairing obligation only recorded by a photographic schedule. The Tenancy has a rolling 3 month break clause and falls within the Security of Tenure Provisions of the Landlord and Tenant act 1954 Part II.
PROPERTY FACTS
| Price | £195,000 | Costar Property Class | C |
| Price per sq ft | £121.65 | Total Plot Size | 0.06 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 1,603 sq ft |
| Yield | 6.79% | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service |
| Price | £195,000 |
| Price per sq ft | £121.65 |
| Sale Type | Investment |
| Yield | 6.79% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Costar Property Class | C |
| Total Plot Size | 0.06 ac |
| Net Internal Area (NIA) | 1,603 sq ft |
| No. Floors | 1 |
| Year Built | 1960 |
| Tenancy | Single |
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38 Lagland St
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