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Hawksdrum House Marshfield Bank 19,758 SF Industrial Building Crewe CW2 8UY $2,598,113 ($131.50/SF) 7.70% Cap Rate
Investment Highlights
- Prominent location in an established industrial location
- Site area of 0.97 acres
- Less than 1 mile south of Bentley Motors assembly plant
- Located 2 miles west of Crewe Town Centre
Executive Summary
The property was constructed in 1999 and comprises a detached steel portal framed industrial unit extending to approximately 19,758 sq ft (GIA). The workshop accommodation comprises front and rear sections with two side loading roller shutter doors and a single front elevation roller shutter door.
Instructed to seek offers in excess of £1,900,000 (One Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.7%, assuming purchaser’s costs of 7.25% (reflecting a non–TOGC purchase) & capital value of £96 per sq ft.
Instructed to seek offers in excess of £1,900,000 (One Million Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 7.7%, assuming purchaser’s costs of 7.25% (reflecting a non–TOGC purchase) & capital value of £96 per sq ft.
Property Facts Sale Pending
| Price | $2,598,113 | Building Class | C |
| Price Per SF | $131.50 | Lot Size | 0.96 AC |
| Sale Type | Investment | Rentable Building Area | 19,758 SF |
| Cap Rate | 7.70% | No. Stories | 3 |
| Tenure | Freehold | Year Built | 2016 |
| Property Type | Industrial | Tenancy | Single |
| Price | $2,598,113 |
| Price Per SF | $131.50 |
| Sale Type | Investment |
| Cap Rate | 7.70% |
| Tenure | Freehold |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.96 AC |
| Rentable Building Area | 19,758 SF |
| No. Stories | 3 |
| Year Built | 2016 |
| Tenancy | Single |
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