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Saxilby Rd 5,032 SF Industrial Building Saxilby LN1 2LR $985,970 ($195.94/SF) 7.69% Cap Rate
INVESTMENT HIGHLIGHTS
- Ample fenced and gated yard
- Good road communications
- Loading, circulation and parking
EXECUTIVE SUMMARY
The Freehold of the property is available For Sale, subject to a proposed leaseback to Stirlin Plant Limited on a new 15 year Full Repairing and Insuring lease (without break) at a commencing rent of £60,000 p.a.x.
OIEO £740,000 (7.69% NIY after acquisition costs)
OIEO £740,000 (7.69% NIY after acquisition costs)
PROPERTY FACTS Sale Pending
| Price | $985,970 | Property Subtype | Warehouse |
| Price Per SF | $195.94 | Lot Size | 4.66 AC |
| Sale Type | Investment | Rentable Building Area | 5,032 SF |
| Cap Rate | 7.69% | No. Stories | 2 |
| Sale Condition | Sale Leaseback | Year Built | 1980 |
| Tenure | Freehold | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.99/1,000 SF |
| Price | $985,970 |
| Price Per SF | $195.94 |
| Sale Type | Investment |
| Cap Rate | 7.69% |
| Sale Condition | Sale Leaseback |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Lot Size | 4.66 AC |
| Rentable Building Area | 5,032 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 1.99/1,000 SF |
AMENITIES
- Front Loading
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Saxilby Rd
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