Mossfield Mill | 1 Chesham Fold Rd
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Mossfield Mill 1 Chesham Fold Rd
91,241 SF 100% Leased Office Building Bury BL9 6LE $5,528,680 ($61/SF) 7.28% Cap Rate
Investment Highlights
- Substantial industrial premises extending to 91,241 sq ft on a site area of 4.67 acres
- Annual rental income of £345,000 per annum, exclusive (£3.78 psf) with rent reviews in Years 5 and 10
- Low Capital Value of £48.77 psf
- Single let to AFE Group Limited t/a Millers Vanguard on a term of 12 years from 2 August 2024
- Offers in excess of £4,450,000 (Four Million Four Hundred and Fifty Thousand Pounds)
- AFE Group Limited have occupied the property since 2016
Executive Summary
We are instructed to seek offers in excess of £4,450,000 Subject to Contract and Exclusive of VAT. A purchase at this level relfects the following yield profile after deduction of purchaser costs: 7.28% Net Initial Yield £48.77 PSF Capital Value.
Property Facts
Sale Type
Investment
Property Type
Tenure
Freehold
Building Size
91,241 SF
Building Class
B
Year Built
2014
Price
$5,528,680
Price Per SF
$61
Cap Rate
7.28%
NOI
$402,488
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
91,241 SF
Building FAR
0.44
Lot Size
4.74 AC
Amenities
- 24 Hour Access
- Raised Floor
- Partitioned Offices
- Secure Storage
- Yard
- On-Site Security Staff
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Mossfield Mill | 1 Chesham Fold Rd
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