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Crooklands Rd 5,913 SF Industrial Building Milnthorpe LA7 7LR $875,326 ($148.03/SF) 8.41% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent transport communications located approx 2.5 miles from M6 motorway.
- Benefits from 15 car parking spaces.
- Located c. 10 miles south of Kendal, along the m6 linking Cumbria with Lancashire and the wider north west region.
EXECUTIVE SUMMARY
The property is let to Pelta Medical Papers Limited on a new FRI lease for a term of five years wef 8th May 2024, expiring 7th May 2029. The initial rent of £55,000 per annum (£9.30 psf) is to be reviewed on the third anniversary in line with OMRV. The tenant’s repairing liability is limited by way of a schedule of condition. The lease is contracted out of the Landlord & Tenant Act 1954.
PROPERTY FACTS Sale Pending
| Price | $875,326 | Lot Size | 0.18 AC |
| Price Per SF | $148.03 | Rentable Building Area | 5,913 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.41% | Year Built | 2000 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.54/1,000 SF |
| Property Subtype | Distribution | Clear Ceiling Height | 19’ (5.79 m) |
| Building Class | B | No. Drive In / Grade-Level Doors | 5 |
| Price | $875,326 |
| Price Per SF | $148.03 |
| Sale Type | Investment |
| Cap Rate | 8.41% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 0.18 AC |
| Rentable Building Area | 5,913 SF |
| No. Stories | 1 |
| Year Built | 2000 |
| Tenancy | Single |
| Parking Ratio | 2.54/1,000 SF |
| Clear Ceiling Height | 19’ (5.79 m) |
| No. Drive In / Grade-Level Doors | 5 |
AMENITIES
- 24 Hour Access
- Storage Space
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Crooklands Rd
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