Description
Surrounding occupiers include:
• Screwfix
• Yesss Electrical
• Magnet
The property comprises of a brand new industrial/ workshop unit that has been fitted out as fully functional animal physiotherapy unit.
TENANCY
The property is let Mark Hardy Animal Physiotherapy Ltd one of the UK's leading Veterinary Physiotherapists & Hydrotherapists on a 10 year FRI lease at a passing rent of £17,000 per annum from 11th November 2022. Further information is available upon application.
PROPOSAL
We are instructed to seek offers in excess of £320,000 (three hundred and twenty thousand pounds), subject to contract reflecting an attractive Net Initial Yield of 5.136% (allowing for standard purchaser’s costs of 3.3%)
The tenant has been trading since 2015 and has recently relocated to Barrington Way from a smaller building in order to expand and meet increasing customer demands.
The long leasehold interest is subject to a ground rent of £300 per annum reviewed every 25 years.
Accommodation:
Industrial Unit: 2,005.00 sqft
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