Industrial

Units 1&2 Hammond Road, Elm Farm Industrial Estate, Bedford MK41 0UD

 

Quoting Price: £6,280,000 - Initial Yield:5.60%

Acting on behalf of CBREGi we are instructed to market this south east, value add industrial repositioning opportunity.

The property comprises comprises a detached industrial warehouse with ancillary office accommodation totalling 60,008 sq ft (5,574.9 sq m) GIA on a self-contained site. Let to PW Gates Distribution Limited on a 10 year lease expiring 20th August 2027, with a tenant break option on 21st August 2022 providing approximately 1.15 years unexpired. The current passing rent of £375,050 per annum which represents a low £6.25 per sq ft. 

Offers sought in excess of £6,280,000 (Six Million, Two Hundred and Eighty Thousand Pounds) subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 5.60%, after deduction of purchaser’s costs of 6.63%, equating to a low capital value of £105 per sq ft.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Joe Reece

Tel: 020 7493 3330
Mob: 07918 589613
jreece@lewisellis.co.uk


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