This is for sale only, got information from my partner.
Land Specs
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.
SUMMARY
Sale Price = £1.6m,
Currently 70% let =£145,435 (9.1% yield)
Total Rent when fully let
= £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 minutes’
walk from Thornaby Train Station and 5 minutes’ walk from Durham Universities
Queens Campus and Stockton Riverside College.
The property is currently 70% let and benefits from some
very well established tenants:
· Part Ground
Floor (2,466 sq.ft), TENANT-A, £22,000 pa, 10 year term wef 10/10/2016, rent
review 10/10/2021
· Part Ground
Floor (2,563 sq.ft), TENANT-B, £38,550 pa, 10 year term wef 29/02/2013
· Part First
Floor (3,126 sq.ft), TENANT-B, £22,725 pa, 5 year term wef 23/06/2018
· Part First
Floor (1,816 sq.ft), Vacant, ERV £19,252 pa
· Part Second
Floor (3,016 sq.ft), TENANT-C, £33,990 pa, 10 year term wef 14/03/2017, rent review
01/04/2022
· Part Second
Floor (1,910 sq.ft), Vacant, ERV £18,145 pa
· Part Third
Floor (3,130 sq.ft), TENANT-D, £28,170 pa, 10 year term wef 14/02/2020, break
clause 14/02/2025, rent review 14/02/2025
· Part Third
Floor (2,146 sq.ft), Vacant, ERV £20,387 pa
· Total
Current Rent - £145,435
· Total Rent
Once fully Let (based on ERV of quoting rent of £9.50/ sq.ft) - £203,219
SOURCING FEE: 2% of Sales Price
Felix Udanyi
07533163616