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Enterprise Rd - Balloo South Business Park 6,297 - 13,173 sq ft Industrial Units Offered at £1,200,000 Per Unit in Bangor BT19 7TA
Investment Highlights
- Established trading location
- Close to the junction with the A21 Bangor to Newtownards dual carriageway on the outskirts of Bangor
- Modern industrial premises
2 Units Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 8.16% |
| Sale Type | Investment |
| Net Initial Yield | 8.16% |
| Tenure | Long Leasehold |
Description
The property comprises a modern steel portal frame factory / warehouse property split into two separate units.
Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.
Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.
Sale Notes
Currently let to Komoo on a 10 year lease from 1 September 2023 with a 5 year tenants break option/ rent review.
| Sale Type | Investment | Tenure | Long Leasehold |
| Net Initial Yield | 8.16% |
| Sale Type | Investment |
| Net Initial Yield | 8.16% |
| Tenure | Long Leasehold |
Description
The property comprises a modern steel portal frame factory / warehouse property split into two separate units.
Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.
Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.
Sale Notes
Currently let to Priory Press Packaging Ltd on a 5 year lease from 01/08/2021.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 21 | 13,173 sq ft | Industrial | £1,200,000 (£91.10/sq ft) | £97,900 |
| Unit 21A | 6,297 sq ft | Industrial | £1,200,000 (£190.57/sq ft) | £97,900 |
Unit 21
| Unit Size |
| 13,173 sq ft |
| Unit Use |
| Industrial |
| Price |
| £1,200,000 (£91.10/sq ft) |
| NOI |
| £97,900 |
Unit 21A
| Unit Size |
| 6,297 sq ft |
| Unit Use |
| Industrial |
| Price |
| £1,200,000 (£190.57/sq ft) |
| NOI |
| £97,900 |
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Unit 21
| Unit Size | 13,173 sq ft |
| Unit Use | Industrial |
| Price | £1,200,000 (£91.10/sq ft) |
| NOI | £97,900 |
| Sale Type | Investment |
| Net Initial Yield | 8.16% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a modern steel portal frame factory / warehouse property split into two separate units. <br> <br> Unit 21 is currently used as a car body repair centre with workshop space, ancillary offices, mezzanine storage and WC facilities. It benefits from a single loading door, dedicated car parking and a secure yard to the rear of the property.</li></ul> | |
| Sale Notes | |
| Currently let to Komoo on a 10 year lease from 1 September 2023 with a 5 year tenants break option/ rent review.</li></ul> |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 21A
| Unit Size | 6,297 sq ft |
| Unit Use | Industrial |
| Price | £1,200,000 (£190.57/sq ft) |
| NOI | £97,900 |
| Sale Type | Investment |
| Net Initial Yield | 8.16% |
| Tenure | Long Leasehold |
| Description | |
| The property comprises a modern steel portal frame factory / warehouse property split into two separate units. <br> <br> Unit 21A is separately let, being self contained with its own office, integral ground floor entrance area leading to first floor office, kitchen and WC facilities. There is a single loading door and marshalling area externally together with dedicated car parking.</li></ul> | |
| Sale Notes | |
| Currently let to Priory Press Packaging Ltd on a 5 year lease from 01/08/2021.</li></ul> |
Property Facts
The following property facts, amenities, and utilities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Property Size | 20,727 sq ft | Floors | 3 |
| Property Type | Industrial | Typical Floor Size | 6,909 sq ft |
| Property Subtype | Service | Year Built | 2003 |
| Costar Property Class | B | Parking Allocation | 0.29/1,000 sq ft |
| Total Property Size | 20,727 sq ft |
| Property Type | Industrial |
| Property Subtype | Service |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 6,909 sq ft |
| Year Built | 2003 |
| Parking Allocation | 0.29/1,000 sq ft |
Amenities
- Roller Shutters
Utilities
- Lighting - Fluorescent
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Street View
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Enterprise Rd - Balloo South Business Park
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