Key Features
Let to FMS Foils Group Ltd
Net Initial Yield - 6.04%
Current Income - £128,000 per annum exclusive
Reversionary Yield - 8.35%
The property has an EPC rating of C.
Contact
Property Description
Detached double pitched industrial/warehouse unit arranged as factory and stores at ground floor with ancillary offices, separate male and female WCs, kitchenette, locker room with further offices, predominantly open plan arrangement at first floor and mezzanine storage. The property benefits from two electric roller shutter doors to the front with space for loading and unloading on the front forecourt.
INVESTMENT SUMMARY
Assuming an ERV at review of £177,500 pax (£10.00 per sq. ft.) and a purchase price of £2Million allowing for purchasers costs of 5.75%, this equates to a Reversionary Yield of 8.35%.
Location
Temple Farm Industrial Estate in Southend-on-Sea is a well-established commercial hub offering versatile industrial units with excellent transport links and modern amenities. Located approximately two miles north of Southend town centre, Temple Farm Industrial Estate is strategically positioned near the A127, Southend's main arterial road, providing convenient access for logistics and distribution. The estate comprises a mix of light industrial and warehouse units.
VAT
All rents, prices and premiums are exclusive of VAT under the Finance Act 1989.
