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Builder Centre Crawley Rd 13,068 sq ft Industrial Property Horsham RH12 4DP £2,970,000 (£227.27/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Established light industrial and trade facility on a self-contained 1.48 acre site.
- Secure gated yard with extensive concrete service area, customer parking, external racking, and steel palisade fencing.
- Comprises three buildings
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £2,970,000 (TWO MILLION, NINE HUNDRED AND SEVENTY THOUSAND POUNDS) subject to contract and exclusive of VAT.
An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
Rent: £189,721 per annum (£11.50 psf). Let to Stark Building Materials UK Ltd (trading as Jewson) on a new 15-year lease, with a tenant only break in year 10.
An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
Rent: £189,721 per annum (£11.50 psf). Let to Stark Building Materials UK Ltd (trading as Jewson) on a new 15-year lease, with a tenant only break in year 10.
PROPERTY FACTS
| Price | £2,970,000 | Total Plot Size | 1.48 ac |
| Price per sq ft | £227.27 | Net Internal Area (NIA) | 13,068 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 6% | Year Built | 1990 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.69/1,000 sq ft |
| Costar Property Class | B | No. Drive In / Grade-Level Doors | 1 |
| Price | £2,970,000 |
| Price per sq ft | £227.27 |
| Sale Type | Investment |
| Yield | 6% |
| Tenure | Freehold |
| Property Type | Industrial |
| Costar Property Class | B |
| Total Plot Size | 1.48 ac |
| Net Internal Area (NIA) | 13,068 sq ft |
| No. Floors | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Allocation | 0.69/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 1 |
AMENITIES
- 24 Hour Access
UTILITIES
- Lighting
- Water - City
- Sewer - City
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Builder Centre | Crawley Rd
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