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Saxilby Rd 5,032 sq ft Industrial Property Saxilby LN1 2LR £740,000 (£147.06/sq ft) 7.69% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Ample fenced and gated yard
- Good road communications
- Loading, circulation and parking
EXECUTIVE SUMMARY
The Freehold of the property is available For Sale, subject to a proposed leaseback to Stirlin Plant Limited on a new 15 year Full Repairing and Insuring lease (without break) at a commencing rent of £60,000 p.a.x.
OIEO £740,000 (7.69% NIY after acquisition costs)
OIEO £740,000 (7.69% NIY after acquisition costs)
PROPERTY FACTS Sale Pending
| Price | £740,000 | Property Subtype | Warehouse |
| Price per sq ft | £147.06 | Total Plot Size | 4.66 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 5,032 sq ft |
| Yield | 7.69% | No. Floors | 2 |
| Sale Condition | Sale Leaseback | Year Built | 1980 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Allocation | 1.99/1,000 sq ft |
| Price | £740,000 |
| Price per sq ft | £147.06 |
| Sale Type | Investment |
| Yield | 7.69% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Total Plot Size | 4.66 ac |
| Net Internal Area (NIA) | 5,032 sq ft |
| No. Floors | 2 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Allocation | 1.99/1,000 sq ft |
AMENITIES
- Front Loading
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Saxilby Rd
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