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Tyne Mills Industrial Estate 1-5 Tyne Mills 6,360 SF 100% Leased Flex Building Hexham NE46 1XL $667,842 ($105.01/SF) 7.61% Cap Rate
Investment Highlights
- Popular location
- Tyne Mills Industrial Estate is strategically located in Hexham,
- Just outside of Hexham town centre
Executive Summary
£500.000 sale at the asking price equates to a gross initial yield of 7.61%. Based on a projected rent of £7.50 per sq ft per annum, a sale at the asking price would equate to a reversionary yield of around 9.5% gross.
Property Facts Sale Pending
| Price | $667,842 | Building Class | C |
| Price Per SF | $105.01 | Lot Size | 0.16 AC |
| Sale Type | Investment | Rentable Building Area | 6,360 SF |
| Cap Rate | 7.61% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1976 |
| Property Type | Flex | Parking Ratio | 2.99/1,000 SF |
| Property Subtype | Light Distribution |
| Price | $667,842 |
| Price Per SF | $105.01 |
| Sale Type | Investment |
| Cap Rate | 7.61% |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 0.16 AC |
| Rentable Building Area | 6,360 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Parking Ratio | 2.99/1,000 SF |
Amenities
- 24 Hour Access
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Tyne Mills Industrial Estate | 1-5 Tyne Mills
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