Oakworth Rd - Warehouse FOR SALE


Keighley, WYK BD21 1SL
$750,000 USD
113-221-6088
Oakworth Rd, Keighley, WYK for Sale
$750,000 USD
Warehouse - FOR SALE
1/5
null | 8.86% Cap Rate

Oakworth Rd
Keighley, WYK BD21 1SL


HIGHLIGHTS

  • Prominent location
  • Close to town centre
  • Asset management opportunity
  • Approx £70,000 per annum (gross)
  • Ideal for investment / part owner occupation

OVERVIEW

A stone built three storey mill (plus attic and partial basement), generating a gross rent of approximately £70,000 per annum with some vacant space (tenancy details are available upon request). The property has been well maintained and features replacement uPVC to the majority of window openings, biomass boiler, solar panels, mains fed sprinkler system and goods and passenger lifts. Externally, there is ample space some with shared rights together with a dedicated surfaced car park area to the west of the site. The property is held Freehold (Land Registry title number WYK729389). Offers in the region of £750,000 are invited for the freehold interest, subject to the current occupations - reflecting a low capital value of £14.45 per sq ft. Based on the gross rental income of £70,000 pa this reflects a Net Initial Yield of 8.86% allowing for purchaser’s costs of 5.4%.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$14 USD /SF

CAP RATE

8.86%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Springfield Mills

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1870

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78

LAND SF

33,934

ZONING

-

APN/PARCEL ID

WYK729389

ASK ABOUT THIS PROPERTY

Neil BestwickSanderson Weatherall LLPMore Info
113-221-6088

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Neil BestwickSanderson Weatherall LLPMore Info
113-221-6088

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