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Fourth Av 9,078 sq ft Industrial Property Halstead CO9 2SY £975,000 (£107.40/sq ft) 6.67% Net Initial Yield



EXECUTIVE SUMMARY
The freehold interest is for sale, subject to the existing lease. The property is let to Thorntons Limited by way of an FRI lease expiring 24th June 2028, at a rent of £65,000 per annum. The lease is guaranteed by Ferrero UK Limited. £975,000 reflecting a Net Initial Yield of 6.67%.
PROPERTY FACTS
| Price | £975,000 | Property Subtype | Distribution Warehouses |
| Price per sq ft | £107.40 | Total Plot Size | 0.38 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 9,078 sq ft |
| Yield | 6.67% | No. Floors | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Tenancy | Single |
| Price | £975,000 |
| Price per sq ft | £107.40 |
| Sale Type | Investment |
| Yield | 6.67% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution Warehouses |
| Total Plot Size | 0.38 ac |
| Net Internal Area (NIA) | 9,078 sq ft |
| No. Floors | 1 |
| Year Built | 1990 |
| Tenancy | Single |
AMENITIES
- Bus Route
- Demised WC facilities
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Fourth Av
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