Merchant Workspace, Adwick Park, Rotherham S63 5AB_Imóvel à venda

Adwick Park, Rotherham, S63 5AB, UK

Merchant Workspace, Adwick Park, Rotherham S63 5AB

Descrição

The property comprises 12 fully let modern, purpose built units across four detached terraces on a Freehold site with gross area of 3.67 acres (3.15 acres net of unit sold off LLH). Ranging in size from 2,859 sq ft – 6,524 sq ft and extending to a total Gross Internal Are (GIA) of 49,738 sq ft.

The property is located in the heart of South Yorkshire, providing easy access to the M1 Motorway (J36) approximately 7 miles to the west via the A6195 (Dearne Valley Parkway), and to the A1(M) Motorway (J35, J36 & J37) approximately 6 miles to the east.

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Atributos

Área de construção bruta

4.621 m²

Ocupação

100%

Número de unidades

WAULT para pausas

3.3 anos

WAULT para expirar

4.5 anos

Media

Destaques do investimento

Current passing rent of £322,913 per annum equating to a low rate of £6.49 psf

WAULT of 4.5 years to expiries and 3.3 years to breaks

Significant scope for reversion with a number of lease events in the short term and the majority of tenancies contracted outside the LTA 1954

We are instructed to seek offers in excess of £4,040,000 (Four Million and Forty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level equates to a Net Initial Yield of 7.50% assuming standard purchaser’s costs of 6.54%

A purchase at this level reflects a low Capital Value of £81 per sq ft and a Reversionary Yield of 9.64%