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Jewson Ltd Hambridge Rd 28,201 sq ft Industrial Property Newbury RG14 5EA £3,450,000 (£122.34/sq ft) 6% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Freehold 2.39 acre site with low building cover of 22% and secure yard.
- Located on Hambridge Road, 1.5 miles east of Newbury town centre, with excellent access to the A339, A34, and M4.
- Benefits include a large service yard, customer parking, and external racking.
EXECUTIVE SUMMARY
We are instructed to seek offers in excess of £3,450,000 (THREE MILLION, FOUR HUNDRED AND FIFTY 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.
Let to Stark Building Materials UK Ltd (trading as Jewson) on a new 15-year lease, with a tenant only break in year 10, Rent: £220,439 per annum (£8.50 psf)..
An acquisition at this level would reflect an attractive NET INITIAL YIELD OF 6.00%, assuming standard purchaser’s costs.
Let to Stark Building Materials UK Ltd (trading as Jewson) on a new 15-year lease, with a tenant only break in year 10, Rent: £220,439 per annum (£8.50 psf)..
PROPERTY FACTS
| Price | £3,450,000 | Total Plot Size | 2.39 ac |
| Price per sq ft | £122.34 | Net Internal Area (NIA) | 28,201 sq ft |
| Sale Type | Investment | No. Floors | 2 |
| Yield | 6% | Year Built | 1985 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 0.63/1,000 sq ft |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Costar Property Class | B |
| Price | £3,450,000 |
| Price per sq ft | £122.34 |
| Sale Type | Investment |
| Yield | 6% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 2.39 ac |
| Net Internal Area (NIA) | 28,201 sq ft |
| No. Floors | 2 |
| Year Built | 1985 |
| Tenancy | Single |
| Parking Allocation | 0.63/1,000 sq ft |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Storage Space
UTILITIES
- Lighting
- Water - City
- Sewer - City
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Jewson Ltd | Hambridge Rd
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