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MKM Cromer Rd 20,694 sq ft Industrial Property North Walsham NR28 0NB £2,785,000 (£134.58/sq ft) 6.50% Net Initial Yield
Investment Highlights
- Principal commercial centre for the district
- Excellent road connectivity
- Strong local amenities and a well-established retail and trade presence
Executive Summary
Freehold builders merchant and modern trade investment let to MKM Building Supplies Ltd, the UK’s largest independent builders’ merchant on a 20-year FRI lease from 18 October 2022, with 16.71 years unexpired.
Low site coverage of approximately 12%. Site extends to 2.91 acres (1.18 hectares).
Low site coverage of approximately 12%. Site extends to 2.91 acres (1.18 hectares).
Property Facts Sale Pending
| Price | £2,785,000 | Property Subtype | Warehouse |
| Price per sq ft | £134.58 | Costar Property Class | B |
| Sale Type | Investment | Net Internal Area (NIA) | 20,694 sq ft |
| Yield | 6.50% | No. Floors | 2 |
| Tenure | Freehold | Year Built | 1986 |
| Property Type | Industrial | Tenancy | Single |
| Price | £2,785,000 |
| Price per sq ft | £134.58 |
| Sale Type | Investment |
| Yield | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Net Internal Area (NIA) | 20,694 sq ft |
| No. Floors | 2 |
| Year Built | 1986 |
| Tenancy | Single |
Amenities
- Yard
- Roller Shutters
1 of 6
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MKM | Cromer Rd
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