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Jaybee Graphics Works Rd 10,764 SF 100% Leased Office Building Letchworth Garden City SG6 1JU $2,942,982 ($273.41/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- The property occupies a prominent position along Works Road, a busy through road surrounded by industrial and business occupiers
- 5 yearly annually compounded RPI rent reviews with a collar and cap of 2% – 2.5%
- Škoda car showroom and workshop with a total floor area of approximately 15,151 sq ft
EXECUTIVE SUMMARY
An opportunity to acquire a high-quality car dealership in the commuter town of Letchworth Garden City in North Hertfordshire
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
10,764 SF
Building Class
B
Year Built
2000
Price
$2,942,982
Price Per SF
$273.41
Cap Rate
7%
NOI
$206,009
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
10,764 SF
Building FAR
0.28
Lot Size
0.88 AC
Parking
67 Spaces (6.22 Spaces per 1,000 SF Leased)
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Jaybee Graphics | Works Rd
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