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Plot 1 & 2 Wharf Rd Freehold Investment 2 Industrial Properties Offered at £6,500,000 in Mexborough
INVESTMENT HIGHLIGHTS
- 177,286 sq ft over 6 industrial buildings & two storey office block
- Well located to access the regions motorway networks
- Total site area of 14.70 acres
- Highly reversionary with a potential ERV of the whole of £825,000 per annum exclusive
- Located mixed heavy industrial and residential location, with new build residential development to the north and south of the property
- Part let industrial & metal recycling investment opportunity producing £400,000 per annum exclusive
EXECUTIVE SUMMARY
Part let industrial & metal recycling investment opportunity producing £400,000 per annum exclusive.
We are inviting offers in excess of £4,000,000 (Four million pounds). Reflecting a Net Initial Yield of 9.39% assuming purchasers costs of 6.54%. A purchase as this level reflects a low capital value of £33.33 per sq ft. Reversionary yield of 12.67% assuming the ERV of £4.50 per sq ft.
The guide price is £2,500,000 reflecting a low capital value of £43.64 per sq ft.
Plot 1 comprises a single let industrial site of 120,000 sq ft sitting on circa 8 acres.
There are five buildings on site; two main buildings which provide interconnected open plan manufacturing and storage space with high bays. The other buildings provide further storage space, along with a two storey office block.
Plot 2 is an extensive industrial complex which has been used as a metal recycling facility for over 30 years.
Comprises three industrial buildings which each benefit from steel portal frame construction under a mix of flat sheet and pitched roofs.
We are inviting offers in excess of £4,000,000 (Four million pounds). Reflecting a Net Initial Yield of 9.39% assuming purchasers costs of 6.54%. A purchase as this level reflects a low capital value of £33.33 per sq ft. Reversionary yield of 12.67% assuming the ERV of £4.50 per sq ft.
The guide price is £2,500,000 reflecting a low capital value of £43.64 per sq ft.
Plot 1 comprises a single let industrial site of 120,000 sq ft sitting on circa 8 acres.
There are five buildings on site; two main buildings which provide interconnected open plan manufacturing and storage space with high bays. The other buildings provide further storage space, along with a two storey office block.
Plot 2 is an extensive industrial complex which has been used as a metal recycling facility for over 30 years.
Comprises three industrial buildings which each benefit from steel portal frame construction under a mix of flat sheet and pitched roofs.
PROPERTY FACTS
| Price | £6,500,000 | Number of Properties | 2 |
| Price psf | £36.66 / sq ft | Individually For Sale | 0 |
| Yield | 11.90% | Total Property Size | 177,286 sq ft |
| Sale Type | Investment | Total Land Area | 13.18 ac |
| Status | Pending |
| Price | £6,500,000 |
| Price psf | £36.66 / sq ft |
| Yield | 11.90% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Property Size | 177,286 sq ft |
| Total Land Area | 13.18 ac |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Wharf Road
Wharf Rd, Mexborough S64 5SY |
Industrial | 120,000 sq ft | 1986 | - |
| Wharf Rd, Mexborough S64 5SY | Industrial | 57,286 sq ft | 1980 | - |
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Plot 1 & 2 Wharf Rd Freehold Investment
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