Plot 1 & 2 Wharf Rd Freehold Investment Industrial FOR SALE


Mexborough, SYK
$6,500,000 USD
170-928-8837
, Mexborough, SYK for Sale
$6,500,000 USD
Industrial - FOR SALE
1/17
null | 11.9% Cap Rate

Plot 1 & 2 Wharf Rd Freehold Investment
Mexborough, SYK


HIGHLIGHTS

  • 177,286 sq ft over 6 industrial buildings & two storey office block
  • Highly reversionary with a potential ERV of the whole of £825,000 per annum exclusive
  • Well located to access the regions motorway networks
  • Located mixed heavy industrial and residential location, with new build residential development to the north and south of the property
  • Total site area of 14.70 acres
  • Part let industrial & metal recycling investment opportunity producing £400,000 per annum exclusive

OVERVIEW

Part let industrial & metal recycling investment opportunity producing £400,000 per annum exclusive. We are inviting offers in excess of £4,000,000 (Four million pounds). Reflecting a Net Initial Yield of 9.39% assuming purchasers costs of 6.54%. A purchase as this level reflects a low capital value of £33.33 per sq ft. Reversionary yield of 12.67% assuming the ERV of £4.50 per sq ft. The guide price is £2,500,000 reflecting a low capital value of £43.64 per sq ft. Plot 1 comprises a single let industrial site of 120,000 sq ft sitting on circa 8 acres. There are five buildings on site; two main buildings which provide interconnected open plan manufacturing and storage space with high bays. The other buildings provide further storage space, along with a two storey office block. Plot 2 is an extensive industrial complex which has been used as a metal recycling facility for over 30 years. Comprises three industrial buildings which each benefit from steel portal frame construction under a mix of flat sheet and pitched roofs.

ASK ABOUT THIS PROPERTY

Ben FlintFlint R E LimitedMore Info
170-928-8837

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Ben FlintFlint R E LimitedMore Info
170-928-8837

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