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Holmes Way 4 Properties Offered at $3,339,478 in Horncastle
Investment Highlights
- The complex is located at the entrance of the main business park in Horncastle, fronting Boston Road.
- The estate has a mix of car dealerships, offices and industrial units. Occupiers include Gymphlex, The Original Factory Outlet, Polypipe and SsangYong
- Access is from the A153, which in turn links to the A158, the main route to Skegness (20 miles east) and Lincoln (20 miles west).
Executive Summary
The property is available for Sale Freehold, subject to occupational tenancies on part and a rental guarantee on the remainder. The price for the portfolio is £2.5 million (12.60% NIY after acquisition costs or £23.40 per sq ft.)
Property Facts
| Price | $3,339,478 | Number of Properties | 4 |
| Price / SF | $29.66 / SF | Individually For Sale | 0 |
| Cap Rate | 12.60% | Total Building Size | 112,608 SF |
| Sale Type | Investment | Total Land Area | 1.34 AC |
| Status | Pending |
| Price | $3,339,478 |
| Price / SF | $29.66 / SF |
| Cap Rate | 12.60% |
| Sale Type | Investment |
| Status | Pending |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 112,608 SF |
| Total Land Area | 1.34 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Mortons
Holmes Way, Horncastle LN9 6JR |
Industrial | 43,712 SF | 1989 | - |
|
Unit 1-10
Victoria Rd, Horncastle LN9 6JR |
Industrial | 36,849 SF | 1999 | - |
|
Units 1-4
Morton Way, Horncastle LN9 6AR |
Industrial | 5,673 SF | 1985 | - |
|
Media Centre
Morton Way, Horncastle LN9 6JR |
Office | 26,374 SF | 2000 | - |
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Holmes Way
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