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Shingle Barn Farm Cottages Smiths Hl 20,603 SF 100% Leased Flex Building West Farleigh ME15 0PH $4,435,044 ($215.26/SF)
Investment Highlights
- Freehold Light Industrial Investment.
- Significant Income from Solar Panel Feed In Tariff.
- Reflects 6.94% ARY.
- Potential Reversionary Yield in excess of 8%.
- EPC A and A+.
- Current combined net income is £225,464 per annum.
- Potential To Increase Rents.
- Reflects a low capital value of £157.74 per sq ft.
Executive Summary
Terms
To purchase the Freehold subject to the occupational tenancies of the land and buildings held under Title No. K785622
Price
Offers invited in the region of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds) Reflects a low capital value of £157.74 per sq ft
Investment Summary
The property is currently let on various flexible tenancies under 12 agreements producing an annual rent currently of approx. £189,080 per annum.
In addition to this, there is a Feed In Tarif for the solar panels currently producing a net income of a further £36,384 per annum. The current combined net income is £225,464 per annum This reflects an ARY of 6.94% In our opinion, the property is currently under-rented and there is cope to increase the rent to £225,000 per annum plus the feed in tariff income which would show a reversionary yield of 8.05% A full breakdown of the individual units and rental income is available via the data room, upon request.
To purchase the Freehold subject to the occupational tenancies of the land and buildings held under Title No. K785622
Price
Offers invited in the region of £3,250,000 (Three Million, Two Hundred and Fifty Thousand Pounds) Reflects a low capital value of £157.74 per sq ft
Investment Summary
The property is currently let on various flexible tenancies under 12 agreements producing an annual rent currently of approx. £189,080 per annum.
In addition to this, there is a Feed In Tarif for the solar panels currently producing a net income of a further £36,384 per annum. The current combined net income is £225,464 per annum This reflects an ARY of 6.94% In our opinion, the property is currently under-rented and there is cope to increase the rent to £225,000 per annum plus the feed in tariff income which would show a reversionary yield of 8.05% A full breakdown of the individual units and rental income is available via the data room, upon request.
Property Facts
| Price | $4,435,044 | Building Class | B |
| Price Per SF | $215.26 | Lot Size | 1.64 AC |
| Sale Type | Investment | Rentable Building Area | 20,603 SF |
| Tenure | Freehold | No. Stories | 2 |
| Property Type | Flex | Year Built | 2011 |
| Property Subtype | Light Distribution | Parking Ratio | 1.55/1,000 SF |
| Price | $4,435,044 |
| Price Per SF | $215.26 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 1.64 AC |
| Rentable Building Area | 20,603 SF |
| No. Stories | 2 |
| Year Built | 2011 |
| Parking Ratio | 1.55/1,000 SF |
Amenities
- Energy Performance Rating - A
Utilities
- Gas - Natural
- Heating - Electric
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Shingle Barn Farm Cottages | Smiths Hl
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