MapProperty
Property
Features and description
- Attention investors
- Collection of x 12 Tenanted Commercial Units For Sale
- Site only Constructed in 2023
- Yield of 8.33% (Rising to 10% Years 4/5)
- Current Total Rent of £8,400 pcm / £100,800 pa
- Rent Rising to £120,960 pa by Year 3
- Variety of Established Businesses
- Current Rent of £8,400 pcm or £100,800 pa
- New Build Leasehold Site at £200 pa per Unit Ground Rent
- Rated Individually with EPC Ratings of B
*ATTENTION INVESTORS *Collection of x 12 Tenanted Commercial Units For Sale *Site only Constructed in 2023 *Yield of 8.33% (Rising to 10% Years 4/5) *Current Total Rent of £8,400 pcm / £100,800 pa *Rent Rising to £120,960 pa by Year 3 *Variety of Established Businesses *Current Rent of £8,400 pcm or £100,800 pa *New Build Leasehold Site at £200 pa per Unit Ground Rent *Rated Individually with EPC Ratings of B
Attention Investors
Smart Move are delighted to present for sale the opportunity to acquire 12 commercial units, all of which are tenanted and newly constructed, meaning that investors will start generating income as soon as they purchase. The current rental income on each unit is £700 pcm, which equates to £8,400 pcm or £100,800 pa. Each unit on the site is signed up to a 6 year lease, which increases at the end of year 3 by 20%, meaning that for the 12 units, the annual rent achieved would increase to £120,960. NB: See the site layout image which highlights in red the 12 units that are being sold.
Leasehold
The site is built as leasehold, with the ground rent per unit being £200 pa. Lease length is 250 years from new.
Yield
Based on the above figures, investors would see a yield in years 2/3 of 8.33%, which would rise to 10% in years 4 - 6.
About the Local Area
Tarleton is a village situated in the Lancashire mosslands north east of Southport, and to the south west of Preston, in North West England. The village is known for farming due to its rich soil quality. The River Douglas runs northwards to the east of the village, as does the Leeds Liverpool Canal. Within the village itself are a fantastic array of boutique independent shops, hairdressers, beauticians, takeaways and gift shops, as well as larger chains such as Aldi, Costa Coffee, Co-op and Spar, making this property within a "stones throw" of all local amenities.
Tenure: Leasehold
Lease Years Remaining: 249
Ground Rent: £200.00 per year
Attention Investors
Smart Move are delighted to present for sale the opportunity to acquire 12 commercial units, all of which are tenanted and newly constructed, meaning that investors will start generating income as soon as they purchase. The current rental income on each unit is £700 pcm, which equates to £8,400 pcm or £100,800 pa. Each unit on the site is signed up to a 6 year lease, which increases at the end of year 3 by 20%, meaning that for the 12 units, the annual rent achieved would increase to £120,960. NB: See the site layout image which highlights in red the 12 units that are being sold.
Leasehold
The site is built as leasehold, with the ground rent per unit being £200 pa. Lease length is 250 years from new.
Yield
Based on the above figures, investors would see a yield in years 2/3 of 8.33%, which would rise to 10% in years 4 - 6.
About the Local Area
Tarleton is a village situated in the Lancashire mosslands north east of Southport, and to the south west of Preston, in North West England. The village is known for farming due to its rich soil quality. The River Douglas runs northwards to the east of the village, as does the Leeds Liverpool Canal. Within the village itself are a fantastic array of boutique independent shops, hairdressers, beauticians, takeaways and gift shops, as well as larger chains such as Aldi, Costa Coffee, Co-op and Spar, making this property within a "stones throw" of all local amenities.
Tenure: Leasehold
Lease Years Remaining: 249
Ground Rent: £200.00 per year
Property information from this agent
About this agent
Smart Move began in 2014 with a simple ethos of an honest and professional estate agency, bringing excellent competitive rates to the current market, and therefore quickly becoming the areas most popular independent High Street Agent. Our Smart Move team pride themselves on superb customer service, with a friendly welcome to anybody entering our offices. Whether you are looking to purchase a property or sell your house, you can be sure that your decision is in safe, reputable hands. We have experience in property stretching over many years, each member of staff brings something special to what they do on a day to day basis and our doors are always open.When valuing properties, we look deeper into the credentials needed to giving your house the perfect chance of becoming the next sale, with genuine interest in getting the best outcome for every person that is on board with us. If you are looking to buy a property with your family, your partner or just for yourself, we carefully select those that suit the criteria you are looking for, ensuring that the next place you choose to live will be the perfect fit for you. Whether you are looking for a large garden, open plan living or car parking space for the whole family, we will match you up with the best place possible! With Smart Move being one of the largest independently owned and operated agents in the area, it gives us that personal touch where others can’t. Everybody working for Smart Move is carefully selected to fit the mould of our team. Quality communication, and fabulous team work makes the Smart Move dream work. We consist of local people working in the local area, building relationships with the local community, there is something different about Smart Move when it comes to how we operate. It is with a love for our job, and a genuine care for those we work with.Here on our website you can find the different services we carry out, from the latest Featured Properties, to getting your own house valued by one of our professionals. A large Social Media following on Facebook, Twitter and Instagram, we are always looking to branch out further and find out more about what makes the local community tick. Whether it’s preparing your home for a viewing or a post-sale interview, we will be producing lots of different content over the next coming months, so keep an eye out and keep connected!Are you making the Smart Move?