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Edmo Ltd Netherton Rd 31,420 SF 100% Leased Flex Building Ross On Wye HR9 7QQ $2,602,637 ($82.83/SF) 8.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Main Production Facility and Offices
- Gross Income £164,500 PA Excl
- Unit 3 – Modern Industrial Unit & 2 Storey Office
EXECUTIVE SUMMARY
Purpose built detached industrial/production unit with attached two storey offices. The main production unit is of steel frame construction with a mixture of facing brickwork and profiled and insulated sheet cladding to the elevations under a pitched, profiled and insulated roof.
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
The vendors own the Freehold interest in the main production facility and a leasehold interest in Unit 3. The leasehold interest commenced on 27th April 2007 and is for a term of 60 years and ending on 26th April 2067. The ground rent is currently £10,000 per annum exclusive. The properties are let by way of occupational leases to Edmo Limited on the following main terms.
PROPERTY FACTS
| Price | $2,602,637 | Building Class | B |
| Price Per SF | $82.83 | Rentable Building Area | 31,420 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.44% | Year Built | 1990 |
| Tenure | Freehold | Clear Ceiling Height | 20’ (6.10 m) |
| Property Type | Flex | No. Drive In / Grade-Level Doors | 3 |
| Property Subtype | Light Manufacturing |
| Price | $2,602,637 |
| Price Per SF | $82.83 |
| Sale Type | Investment |
| Cap Rate | 8.44% |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Rentable Building Area | 31,420 SF |
| No. Stories | 2 |
| Year Built | 1990 |
| Clear Ceiling Height | 20’ (6.10 m) |
| No. Drive In / Grade-Level Doors | 3 |
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Edmo Ltd | Netherton Rd
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