Property for sale
Property description & features
- Block of x 8 New Commercial Units
- Around 1,000 sq ft each
- Investor Opportunity All 8 with Tenants in Place
- Tenants Unaffected by Sale
- Current Yield of 7.5% (Rising to 9.5% in 3 Years)
- Thriving New Business Park Location
- Viewing by Appointment
- Rare Opportunity
- No vat
- EPC Rating to Follow
ATTENTION INVESTORS
Smart Move are delighted to present For Sale to INVESTORS ONLY, the opportunity to acquire a newly built block of 8 commercial units, all of which have tenants in place. Located on a newly constructed business park, this rare opportunity presents shrewd investors with a chance to purchase the entire block and as all units are tenanted, you will be making a return from day 1. The current rent is £102,000 p/a, which represents a yield of 7.5% and rises to £122,000 in 3 years, representing a 9.5% yield.
The Location
Blackgate Lane Business Park is a newly constructed commercial space, set back off Blackgate Lane in Tarleton village. This listing is for block B, which are the largest units currently available on the site. There are 8 units in this block, all of which are tenanted and the TENANTS SHALL BE UNAFFECTED BY THE SALE.
Lease
NB: The property is sold as leasehold on a 250 year lease. The ground rent is £200 per year (per unit) and there is a service charge of £60 pcm (per unit) for maintenance of communal areas which includes: bins, buildings insurance, external CCTV and gardening. The solar panels on the roof are retained by the freeholder and a current charge of £0.35 kwh will be charged along with the service charge to the tenants, not the landlord. All units are metered individually.
Tenure: Leasehold
Lease Years Remaining: 250
Ground Rent: £200.00 per year
Property information from this agent
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Property reference 12265858. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Smart Move - Tarleton.
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Mobile phone signal availability and predicted strength
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Energy Performance data and Internal floor area
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