Unit R2 Herald Park

Overview

INVESTMENT FOR SALE

Modern industrial unit - Let to Shorterm Limited

3,432 sq ft (318.84 sq m)

Freehold investment - £425,000 for the freehold

Features

• Modern mid-terrace industrial unit of 3,432 sq ft
• Prime Crewe location
• Let to Shorterm Ltd (Co. No. 01064271)
• Rent passing £22,150 per annum (£6.45 per sq ft)
• Highly reversionary - ERV £34,320 per annum (£10 per sq ft)
• £425,000 representing an underlying capital value of £123.83 per sq ft
• Net Initial Yield of 5.0% and a Reversionary Yield, assuming a rent of £34,320, of 7.3%

Location

The unit is located within a row of six modern units on Herald Park, which is accessed from Macon Way, a principal route to Crewe town centre. The unit is well located for industrial / distribution uses with direct access to Crewe’s principle routes leading to Junctions 16 and 17 of the M6 motorway