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Moorside Court Moorside Ct 1,405 sq ft 100% Let Office Property Crapstone PL20 7PE £170,000 (£121.00/sq ft) 8.95% Net Initial Yield
Investment Highlights
- Pair Of Adjoining Business Units
- 129.6 SQ.M. (1405 SQ.FT.)
- Total Rental Income £15,240 Per Annum
Executive Summary
Units 3 & 4 Moorside Court comprise adjoining single storey business units of concrete block construction under an even pitched profile sheet roof. Unit 3 comprises three rooms, with kitchen, toilet and store. Unit 4 is mainlyopen plan with kitchen and toilet. Each Unit benefits from double glazed window units, suspended ceilings and two dedicated parking spaces.
Freehold subject to the occupational tenancies. Both Units are let on effective FRI Leases. Unit 3 is let to The Laundry Cupboard Limited for a Term of 6 years expiring on the 31st October 2026, at a current passing rent of £ 8,400 per annum. Terms are agreed for a renewal for a further 6 years from the 1st November 2026 at an initial rent of £ 8,400 per annum Unit 4 is let to Yelverton Carpet Company Limited for a Term of 7 years from the 1st September 2023 at a current passing rent of £6,840 per annum.
Freehold subject to the occupational tenancies. Both Units are let on effective FRI Leases. Unit 3 is let to The Laundry Cupboard Limited for a Term of 6 years expiring on the 31st October 2026, at a current passing rent of £ 8,400 per annum. Terms are agreed for a renewal for a further 6 years from the 1st November 2026 at an initial rent of £ 8,400 per annum Unit 4 is let to Yelverton Carpet Company Limited for a Term of 7 years from the 1st September 2023 at a current passing rent of £6,840 per annum.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
1,405 sq ft
Costar Property Class
B
Year Built
1970
Price
£170,000
Price per sq ft
£121.00
Yield
8.95%
NOI
£15,215
Occupancy Rate
100%
Number of Floors
1
Typical Floor Size
1,405 sq ft
Parking
4 Spaces (2.58 Spaces per 1,000 sq ft Leased)
Amenities
- Suspended Ceilings
1 1
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