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Fourth Av 9,078 SF Industrial Building Halstead CO9 2SY $1,301,319 ($143.35/SF) 6.67% Cap Rate
EXECUTIVE SUMMARY
The freehold interest is for sale, subject to the existing lease. The property is let to Thorntons Limited by way of an FRI lease expiring 24th June 2028, at a rent of £65,000 per annum. The lease is guaranteed by Ferrero UK Limited. £975,000 reflecting a Net Initial Yield of 6.67%.
PROPERTY FACTS
| Price | $1,301,319 | Property Subtype | Distribution |
| Price Per SF | $143.35 | Lot Size | 0.38 AC |
| Sale Type | Investment | Rentable Building Area | 9,078 SF |
| Cap Rate | 6.67% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Tenancy | Single |
| Price | $1,301,319 |
| Price Per SF | $143.35 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Lot Size | 0.38 AC |
| Rentable Building Area | 9,078 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
AMENITIES
- Bus Line
- Demised WC facilities
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Fourth Av
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