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James Carter Rd 104,737 SF Industrial Building Mildenhall IP28 7RD $6,203,882 ($59.23/SF) 7.66% Cap Rate
Investment Highlights
- Established industrial estate
- Close to major employers
- Easy access to Norwich and Cambridge
Executive Summary
Freehold long let industrial manufacturing and warehouse facility with annual fixed uplifts.
Let to Silverline Office Equipment Limited for a term of 25 years from 18 July 2019 giving an unexpired term of 18 years, 11 months.
Passing rent of £352,244.84 per annum equating to a very low £3.46 psf, subject to annual fixed uplifts of 3%. The next uplift is due on 18 July 2026.
Let to Silverline Office Equipment Limited for a term of 25 years from 18 July 2019 giving an unexpired term of 18 years, 11 months.
Passing rent of £352,244.84 per annum equating to a very low £3.46 psf, subject to annual fixed uplifts of 3%. The next uplift is due on 18 July 2026.
Property Facts
| Price | $6,203,882 | Lot Size | 4.91 AC |
| Price Per SF | $59.23 | Rentable Building Area | 104,737 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.66% | Year Built | 1999 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial |
| Price | $6,203,882 |
| Price Per SF | $59.23 |
| Sale Type | Investment |
| Cap Rate | 7.66% |
| Tenure | Freehold |
| Property Type | Industrial |
| Lot Size | 4.91 AC |
| Rentable Building Area | 104,737 SF |
| No. Stories | 1 |
| Year Built | 1999 |
| Tenancy | Single |
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James Carter Rd
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