This property is no longer on the market
Warehouse
Property description & features
- Tenure: Freehold
Opportunity to acquire a modern southeast industrial investment with 10.5 years term certain.
Situated on Hailsham's principal industrial estate just 0.3 miles from the A22.
Modern detached industrial unit constructed in 2006 with an EPC rating of C(55).
The property totals 15,062 sq ft and benefits from 6.5m minimum eaves, ancillary office Accommodation and large secure 46m yard.
The site extends to 0.953 acres (0.385 ha) providing a low site cover of approximately 33%.
Currently let to Aspen Pumps Ltd until 31st March 2024 at £130,000 per annum (£8.63 psf). The vendor will top up the passing rent to £135,500 per annum (£8.99 psf).
From 1st April 2024 a new lease has been agreed to Dobbs Logistics Limited for a term of 10 years with a guarantee from Palletforce limited.
New rent of £135,500 per annum reflecting £8.99 per sq ft, with an open market rent review in year 5.
The property is held Freehold.
Offers in excess of £1,975,000 subject to contract and exclusive of VAT. A purchase at this level reflects a Net Initial Yield of 6.46% and a low capital value of £131 psf assuming purchaser's costs of 6.27%.
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Broadband availability and predicted speed
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