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Jaybee Graphics Works Rd 10,764 sq ft 100% Let Office Property Letchworth Garden City SG6 1JU £2,205,000 (£204.85/sq ft) 7% Net Initial Yield
INVESTMENT HIGHLIGHTS
- The property occupies a prominent position along Works Road, a busy through road surrounded by industrial and business occupiers
- 5 yearly annually compounded RPI rent reviews with a collar and cap of 2% – 2.5%
- Škoda car showroom and workshop with a total floor area of approximately 15,151 sq ft
EXECUTIVE SUMMARY
An opportunity to acquire a high-quality car dealership in the commuter town of Letchworth Garden City in North Hertfordshire
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
10,764 sq ft
Costar Property Class
B
Year Built
2000
Price
£2,205,000
Price per sq ft
£204.85
Yield
7%
NOI
£154,350
Occupancy Rate
100%
Number of Floors
1
Typical Floor Size
10,764 sq ft
Plot ratio
0.28
Total Plot Size
0.88 ac
Parking
67 Spaces (6.22 Spaces per 1,000 sq ft Leased)
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Jaybee Graphics | Works Rd
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