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Eastern Av - Unit 2-3 19,118 SF Industrial Condo Unit Offered at $1,194,544 in Dunstable LU5 4JY
INVESTMENT HIGHLIGHTS
- Prominently located
- Excellent road connectivity to the A5 and M1
- Neighboured by amenities including Starbucks, Greggs and a BP Garage
EXECUTIVE SUMMARY
The Property is located in a prime location for industrial activities. The area offers a range of industrial units suitable for various businesses, from manufacturing to warehousing.
PROPERTY FACTS
| Total Building Size | 31,214 SF | Typical Floor Size | 17,735 SF |
| Property Type | Industrial (Condo) | Year Built | 1960 |
| Building Class | B | Tenancy | Single |
| Floors | 2 | Lot Size | 0.69 AC |
| Total Building Size | 31,214 SF |
| Property Type | Industrial (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 17,735 SF |
| Year Built | 1960 |
| Tenancy | Single |
| Lot Size | 0.69 AC |
1 UNIT AVAILABLE
Unit Unit 2-3
| Unit Size | 19,118 SF | Sale Type | Investment |
| Price | $1,194,544 | Tenure | Long Leasehold |
| Price Per SF | $62.48 | Cap Rate | 11.17% |
| Condo Use | Industrial | NOI | $133,468.58 |
| Unit Size | 19,118 SF |
| Price | $1,194,544 |
| Price Per SF | $62.48 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 11.17% |
| NOI | $133,468.58 |
DESCRIPTION
Office and industrial/workshop premises - Unit 2 consists of a two storey office at the front and workshop space at the rear. Loading access via a roller shutter,, with an eaves height of 5.80m. Unit 3 to the rear features a covered walkway leading to a detached concrete frame storage building, boasting an eaves height of 3.60m. with additional plant room at the rear. The first floor of Unit 2/3 comprises L-shaped offices. Spacious tarmac parking area with small gatehouse building.
SALE NOTES
The long leasehold interest of the property is for sale at a figure of £895,000.
The property is achieving a rental of £100,000 per annum from the existing tenants, with 27 years remaining on the lease.
Interior
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Eastern Av - Unit 2-3
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