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38 Lagland St 1,603 SF Industrial Building Poole BH15 1RU $263,442 ($164.34/SF) 6.79% Cap Rate
INVESTMENT HIGHLIGHTS
- For sale freehold
- Annual Rental income of £13,250 per annum excl
- Existing buildings being used for storage
- Overall site area of approx. 0.023 hectares (0.058 acre)
EXECUTIVE SUMMARY
For Sale Freehold subject to an existing Tenancy Agreement dated 21 January 2011 granted to Rawlins Davy Reeves at an annual rent of £13,250 per annum exclusive payable monthly in advance for £195,000 exclusive. The property is not subject to VAT.
The Tenants have an internal repairing obligation only recorded by a photographic schedule. The Tenancy has a rolling 3 month break clause and falls within the Security of Tenure Provisions of the Landlord and Tenant act 1954 Part II.
The Tenants have an internal repairing obligation only recorded by a photographic schedule. The Tenancy has a rolling 3 month break clause and falls within the Security of Tenure Provisions of the Landlord and Tenant act 1954 Part II.
PROPERTY FACTS
| Price | $263,442 | Building Class | C |
| Price Per SF | $164.34 | Lot Size | 0.06 AC |
| Sale Type | Investment | Rentable Building Area | 1,603 SF |
| Cap Rate | 6.79% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1960 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Service |
| Price | $263,442 |
| Price Per SF | $164.34 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.06 AC |
| Rentable Building Area | 1,603 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Tenancy | Single |
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38 Lagland St
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