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Crompton Close 13,000 sq ft 100% Let Retail Property Basildon SS14 3BA £3,787,000 (£291.31/sq ft) 6.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located in the South East in the affluent commuter town of Basildon, 26 miles east of Central London.
- Let in its entirety to Magnet Limited on a 10-year lease expiring 18th June 2033.
- Basildon has a large consumer base with over 600,000 people within 20 minutes drive of the subject property.
EXECUTIVE SUMMARY
Modern retail warehouse unit available to sale.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Standalone
Property Size
13,000 sq ft
Costar Property Class
B
Year Built
2024
Price
£3,787,000
Price per sq ft
£291.31
Yield
6.75%
NOI
£255,623
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.05
Total Plot Size
6.06 ac
Parking
107 Spaces (8.23 Spaces per 1,000 sq ft Leased)
NEARBY MAJOR RETAILERS
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Crompton Close
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