1 Chesham Fold Rd - Office FOR SALE


Bury, LAN BL9 6LE
$4,450,000 USD
170-633-5412
1 Chesham Fold Rd, Bury, LAN for Sale
$4,450,000 USD
Office - FOR SALE
1/14
null | 7.28% Cap Rate

1 Chesham Fold Rd
Bury, LAN BL9 6LE


HIGHLIGHTS

  • Substantial industrial premises extending to 91,241 sq ft on a site area of 4.67 acres
  • Single let to AFE Group Limited t/a Millers Vanguard on a term of 12 years from 2 August 2024
  • AFE Group Limited have occupied the property since 2016
  • Annual rental income of £345,000 per annum, exclusive (£3.78 psf) with rent reviews in Years 5 and 10
  • Offers in excess of £4,450,000 (Four Million Four Hundred and Fifty Thousand Pounds)
  • Net Initial Yield of 7.28%
  • Low Capital Value of £48.77 psf

OVERVIEW

We are instructed to seek offers in excess of £4,450,000 Subject to Contract and Exclusive of VAT. A purchase at this level relfects the following yield profile after deduction of purchaser costs: 7.28% Net Initial Yield £48.77 PSF Capital Value.

FOR SALE DETAILS

PRICE

$4,450,000 USD

PRICE/SF

$49 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mossfield Mill

PROPERTY TYPE

Office

ADD'L SUBTYPES

undefined, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2014

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.74 AC

LAND SF

206,608 SF

ZONING

-

APN/PARCEL ID

GM723593,GM737241,GM760606,GM785348,LA239234,LA334666,MAN57024

ASK ABOUT THIS PROPERTY

David MurraySanderson WeatherallMore Info
170-633-5412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David MurraySanderson WeatherallMore Info
170-633-5412

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.