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36 Moneyfield Ln 5,668 SF 100% Leased Flex Building Portsmouth PO3 5AY $1,064,566 ($187.82/SF) 6.13% Cap Rate
Investment Highlights
- Excellent connectivity
- Close proximity to local amenities
- Strategic location
Executive Summary
A guide price of £800,000 for the freehold interest, subject to contract. A purchase at this level would reflect a NIY of 6.13% and a reversionary yield of 7.61%. The whole site is let to SIG Trading Limited by way of a 15 year lease expiring 29 June 2031.
The property comprises a large concrete and brick-paved open yard, together with a number of industrial/workshop buildings totaling 5,688 sq ft, including an office/trade-counter element towards the front of the site. Overall, the site totals approximately 0.7 acres, with its main means of access being from Copnor Road. There are also separate accesses from Moneyfield Lane and Manor Park Avenue.
The property comprises a large concrete and brick-paved open yard, together with a number of industrial/workshop buildings totaling 5,688 sq ft, including an office/trade-counter element towards the front of the site. Overall, the site totals approximately 0.7 acres, with its main means of access being from Copnor Road. There are also separate accesses from Moneyfield Lane and Manor Park Avenue.
Property Facts
| Price | $1,064,566 | Building Class | C |
| Price Per SF | $187.82 | Lot Size | 0.70 AC |
| Sale Type | Investment | Rentable Building Area | 5,668 SF |
| Cap Rate | 6.13% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Flex | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Light Manufacturing | No. Drive In / Grade-Level Doors | 2 |
| Price | $1,064,566 |
| Price Per SF | $187.82 |
| Sale Type | Investment |
| Cap Rate | 6.13% |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | C |
| Lot Size | 0.70 AC |
| Rentable Building Area | 5,668 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.24/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Yard
- Automatic Blinds
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
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36 Moneyfield Ln
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