Sale Price = Â£1.6m,
Currently 70% let =Â£145,435 (9.1% yield)
Total Rent when fully let = Â£203,219 (12.7% yield)
The property was built in approx. 2001, extends to approx. 20,174 sq.ft and benefits from 88 car parking spaces. The property is located approx. 3 minutesâ€™ walk from Thornaby Train Station and 5 minutesâ€™ walk from Durham Universities Queens Campus and Stockton Riverside College.
The property is currently 70% let and benefits from some very well established tenants:
Â· Part Ground Floor (2,466 sq.ft), TENANT-A, Â£22,000 pa, 10 year term wef 10/10/2016, rent review 10/10/2021
Â· Part Ground Floor (2,563 sq.ft), TENANT-B, Â£38,550 pa, 10 year term wef 29/02/2013
Â· Part First Floor (3,126 sq.ft), TENANT-B, Â£22,725 pa, 5 year term wef 23/06/2018
Â· Part First Floor (1,816 sq.ft), Vacant, ERV Â£19,252 pa
Â· Part Second Floor (3,016 sq.ft), TENANT-C, Â£33,990 pa, 10 year term wef 14/03/2017, rent review 01/04/2022
Â· Part Second Floor (1,910 sq.ft), Vacant, ERV Â£18,145 pa
Â· Part Third Floor (3,130 sq.ft), TENANT-D, Â£28,170 pa, 10 year term wef 14/02/2020, break clause 14/02/2025, rent review 14/02/2025
Â· Part Third Floor (2,146 sq.ft), Vacant, ERV Â£20,387 pa
Â· Total Current Rent - Â£145,435
Â· Total Rent Once fully Let (based on ERV of quoting rent of Â£9.50/ sq.ft) - Â£203,219
SOURCING FEE: 2% of Sales Price
LAND FOR SALE IN HULL
Purchase Price £600,000 + Broker Fee
A scheme was approved in 2013 for the development of 16 three storey three-bedroom town houses in four blocks, and four two bedroom flats with garages, but did not proceed. Later a proposed development would provide student accommodation (low cost housing) to students of the university, with 3 small retail units to the ground floor will provide the usual ancillary facilities to the accommodation such as a small retail unit, café and laundry.
• Total area of residential: 6600m2. Café: 34m2
• Laundry: 38m2 • Retail Unit: 96m2
• Total area of buildings (including outbuildings): 6872m2
Full details available: Steve Goodhand
This is for sale only, got information from my partner.
Land Area : 1916 Sqm/M2
Cost : 22 Million IDR / Sqm or Approx 1100 Pounds / Sqm
If you Interested, just contact me or send me by email for further disscus.
9 Acres of land for development subject to necessary local planning consents.
Location- Ideally located in is in the North East region of England. The land finds itself adjacent to fields already having housing estate developments.
5 Acres of land for development subject to necessary local planning consents.
Site- Previously utilised as a vehicle dismantlers until 2015 then storage for vehicles this 5 acre plot benefits from water to the site the electricity sub station is opposite the land to be able to connect.
Location- Ideally located on Bowbridge Road Lane Newark the plot benefits from excellent transport links to Newark, Lincoln and the A1.