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Hammond Rd 20,963 sq ft 100% Let Light Industrial Property Bedford MK41 0RG £795,000 (£37.92/sq ft) 14.61% Net Initial Yield
Investment Highlights
- Fully let leasehold investment
- Mix of office and industrial suites
- Partially refurbished
Executive Summary
The property comprises a two storey office building of brick construction beneath a part flat and part pitched roof together with an adjoining two-storey warehouse/office building.
The site measures in total approximately 1.55 acres (0.62 hectares). Comprising a two storey, fully let office building split into A & B and industrial section benefiting from a yard area of approximately 0.65 acres. Internally the space totals approximately 17,000 sq. ft
Having undergone recent refurbishment in part, all the office suites are in good decorative order and benefit from multiple aspect rooms with suspended ceilings and air conditioning in places.
There is ample car parking to the front and side of the building.
A ground rent is payable to Bedford Borough Council to the sum of £43,575 per annum, payable quarterly in advance.
Offers over £950,0000.
The site measures in total approximately 1.55 acres (0.62 hectares). Comprising a two storey, fully let office building split into A & B and industrial section benefiting from a yard area of approximately 0.65 acres. Internally the space totals approximately 17,000 sq. ft
Having undergone recent refurbishment in part, all the office suites are in good decorative order and benefit from multiple aspect rooms with suspended ceilings and air conditioning in places.
There is ample car parking to the front and side of the building.
A ground rent is payable to Bedford Borough Council to the sum of £43,575 per annum, payable quarterly in advance.
Offers over £950,0000.
Property Facts Under Offer
| Price | £795,000 | Costar Property Class | C |
| Price per sq ft | £37.92 | Total Plot Size | 1.55 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 20,963 sq ft |
| Yield | 14.61% | No. Floors | 2 |
| Tenure | Long Leasehold | Year Built | 1973 |
| Property Type | Light Industrial | Parking Allocation | 2.1/1,000 sq ft |
| Price | £795,000 |
| Price per sq ft | £37.92 |
| Sale Type | Investment |
| Yield | 14.61% |
| Tenure | Long Leasehold |
| Property Type | Light Industrial |
| Costar Property Class | C |
| Total Plot Size | 1.55 ac |
| Net Internal Area (NIA) | 20,963 sq ft |
| No. Floors | 2 |
| Year Built | 1973 |
| Parking Allocation | 2.1/1,000 sq ft |
Amenities
- Fenced Lot
- Security System
- Yard
- Roller Shutters
- Storage Space
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