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Mount Pleasant Rd 6,405 SF 100% Leased Industrial Building Southampton SO14 0SP $392,816 ($61.33/SF) 7.41% Cap Rate
Investment Highlights
- Freehold industrial investment
- Suitable for a variety of industrial and trade counter uses
- Let to Marine Machine UK Ltd until March 2033
Executive Summary
Freehold industrial investment comprising a modern semi-detached industrial unit with secure yard. The property is let to Marine Machine UK Ltd on a 10-year full repairing and insuring lease expiring 27 March 2033 at a passing rent of £21,500 per annum. An upward-only open market rent review is due on 28 March 2028. The investment is offered at £290,000 reflecting a gross yield of 7.41%. The property benefits from a prominent estate position, secure yard and good access to Southampton and the M27 motorway network.
Property Facts
| Price | $392,816 | Lot Size | 1.54 AC |
| Price Per SF | $61.33 | Rentable Building Area | 6,405 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7.41% | Year Built | 1990 |
| Tenure | Freehold | Parking Ratio | 3.43/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’5” (5 m) |
| Property Subtype | Service | No. Drive In / Grade-Level Doors | 2 |
| Building Class | C |
| Price | $392,816 |
| Price Per SF | $61.33 |
| Sale Type | Investment |
| Cap Rate | 7.41% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 1.54 AC |
| Rentable Building Area | 6,405 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Parking Ratio | 3.43/1,000 SF |
| Clear Ceiling Height | 16’5” (5 m) |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Fenced Lot
- Skylights
- Energy Performance Rating - E
- Automatic Blinds
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Mount Pleasant Rd
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