Investment for Sale




Freehold Industrial Investment

6,160 sq ft, 572 sq m

Location

This unit is 1 mile west of the town centre and is accessed from the A5045. Junction 11 of the M1 is approximately 500 yards to the north

Description

The unit is part of a terrace of units of steel frame construction clad in a mixture of brick and steel profile sheeting to the elevations under a profile sheeting roof incorporating roof lights.

Accommodation:

Tenancy

The tenant has renewed their tenancy on a new 3 year FR&I lease from the early 2010 at a rent which equates to over £6 psf.

Covenant

Please call for details

Price

Offers in the region of £495,000 (Four hundred and ninety-five thousand pounds) subject to contract, which reflects a net initial yield of 7.25% after allowing for acquisition costs of 1.47625%

Tenure

Freehold

Rent

We understand that the property is registered for VAT which will therefore be payable upon completion of the purchase.

Rates

Legal costs

Viewing

For further information and to view the property, or if we can locate a property to your requirements, please call David Hill now:

Mobile 07968 209 954

or email us at:    agency@lutoncommercial.com

 

Whilst given in good faith and believed accurate, Peter Hill Commercial, their employees, or clients do not make representation or warranty in relation to this property, all statements contained within these particulars are made without responsibility on their part.  All dimensions are approximate and should not be relied upon as statements of fact. Interested parties should make their own inspections or enquiries, and must satisfy themselves as to the VAT status. E&OE