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Hassall Rd 5,047 SF Industrial Condo Unit Offered at $366,408 in Skegness PE25 3TB
INVESTMENT HIGHLIGHTS
- Ample parking
- Good road communications
- Rear yard area
EXECUTIVE SUMMARY
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. The property is located on the principal industrial site within the Skegness region.
PROPERTY FACTS Sale Pending
| Total Building Size | 5,588 SF | Typical Floor Size | 5,588 SF |
| Property Type | Industrial (Condo) | Year Built | 1980 |
| Property Subtype | Warehouse | Lot Size | 0.14 AC |
| Building Class | B | Parking Ratio | 1.78/1,000 SF |
| Floors | 1 |
| Total Building Size | 5,588 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 5,588 SF |
| Year Built | 1980 |
| Lot Size | 0.14 AC |
| Parking Ratio | 1.78/1,000 SF |
AMENITIES
- Front Loading
UTILITIES
- Lighting
- Gas
- Water - City
- Sewer - City
- Heating
1 UNIT AVAILABLE
Unit 3A-3B
| Unit Size | 5,047 SF | Sale Type | Investment |
| Price | $366,408 | Tenure | Freehold |
| Price Per SF | $72.60 | Cap Rate | 8.05% |
| Condo Use | Industrial | NOI | $29,495.82 |
| Unit Size | 5,047 SF |
| Price | $366,408 |
| Price Per SF | $72.60 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.05% |
| NOI | $29,495.82 |
DESCRIPTION
The property comprises two terrace industrial units of steel portal frame construction with brick/block elevations and a steel clad roof. Internally both units comprise a mix of open plan industrial storage, office space and staff breakout area/kitchen. The units are fitted with concrete floors, LED lights and roller shutter doors.
SALE NOTES
Offers in the excess of £275,000 are invited for the Freehold interest subject to the occupational tenancies. This reflects a Net Initial Yield of 8.05%.
Presented by
Hassall Rd
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