Robert Way - Industrial FOR SALE


Wickford, ESS SS11 8DD
$875,000 USD
126-820-1521
Robert Way, Wickford, ESS for Sale
$875,000 USD
Industrial - FOR SALE
1/16
null | Request Cap Rate

Robert Way
Wickford, ESS SS11 8DD


OVERVIEW

Comprises a semi-detached Factory / Warehouse building currently split up to provide a front factory/warehouse with high-quality offices interconnecting with the rear warehouse area accessed via its own electric roller shutter loading door. The building benefits from a front forecourt & rear yard for parking & loading. The Front Warehouse & Offices are let to Work and Wear Direct Ltd on a Full Repairing & Insuring lease for a term of years to expire September 2025 without further rent review. The lease is outside the security of the Landlord & Tenant Act 1954. The current rent is £35,000 pax. The rear warehouse is let to Work and Wear Direct Ltd on an informal agreement at a current rent of £30,000 pax. Total Income from the entire building £65,000 pax. The property is held on a lease for a term of 99 years from 26th May 2015 at a Ground Rent of £100.00 per annum.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63

LAND SF

27,474

ZONING

-

APN/PARCEL ID

EX729238

ASK ABOUT THIS PROPERTY

Paul StoneChristo & CoMore Info
126-820-1521

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Paul StoneChristo & CoMore Info
126-820-1521

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