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Holmes Way 4 Properties Offered at £2,500,000 in Horncastle
Investment Highlights
- The complex is located at the entrance of the main business park in Horncastle, fronting Boston Road.
- The estate has a mix of car dealerships, offices and industrial units. Occupiers include Gymphlex, The Original Factory Outlet, Polypipe and SsangYong
- Access is from the A153, which in turn links to the A158, the main route to Skegness (20 miles east) and Lincoln (20 miles west).
Executive Summary
The property is available for Sale Freehold, subject to occupational tenancies on part and a rental guarantee on the remainder. The price for the portfolio is £2.5 million (12.60% NIY after acquisition costs or £23.40 per sq ft.)
Property Facts
| Price | £2,500,000 | Number of Properties | 4 |
| Price psf | £22.20 / sq ft | Individually For Sale | 0 |
| Yield | 12.60% | Total Property Size | 112,608 sq ft |
| Sale Type | Investment | Total Land Area | 1.34 ac |
| Status | Pending |
| Price | £2,500,000 |
| Price psf | £22.20 / sq ft |
| Yield | 12.60% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Property Size | 112,608 sq ft |
| Total Land Area | 1.34 ac |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Mortons
Holmes Way, Horncastle LN9 6JR |
Industrial | 43,712 sq ft | 1989 | - |
|
Unit 1-10
Victoria Rd, Horncastle LN9 6JR |
Industrial | 36,849 sq ft | 1999 | - |
|
Units 1-4
Morton Way, Horncastle LN9 6AR |
Industrial | 5,673 sq ft | 1985 | - |
|
Media Centre
Morton Way, Horncastle LN9 6JR |
Office | 26,374 sq ft | 2000 | - |
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Holmes Way
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