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9-17 Stable Hobba
1,732 SF Industrial Condo Unit Offered at $257,767 in Penzance TR20 8TL
INVESTMENT HIGHLIGHTS
- Yield of 8.5%
- On Sale Freehold
- Annual Rent of £17,420
EXECUTIVE SUMMARY
The estate consists of 11 terraces providing light industrial small starter units with the benefit of ancillary office accommodation and toilet facilities. Sizes range from 1,100 to 3,500 sq ft and provide approximately 4m eaves with accessed via roller shutter doors and a separate pedestrian entrance. Units are of steel portal frame construction with brick and profiled metal cladding elevations with concrete roof panels. Each terrace has secured gated access to a large hard standing area providing car parking and loading to the front of the units. Units 9&17 comprises a unit with a GIA of 1,732 sq ft (161 sq m)
PROPERTY FACTS
| Price | $257,767 | Sale Type | Investment |
| Unit Size | 1,732 SF | Building Class | C |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 6,000 SF | Typical Floor Size | 6,000 SF |
| Property Type | Industrial (Condo) | Year Built | 1970 |
| Property Subtype | Service | Lot Size | 0.14 AC |
| Price | $257,767 |
| Unit Size | 1,732 SF |
| No. Units | 1 |
| Total Building Size | 6,000 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Service |
| Sale Type | Investment |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 6,000 SF |
| Year Built | 1970 |
| Lot Size | 0.14 AC |
1 UNIT AVAILABLE
Unit 9 & 17
| Unit Size | 1,732 SF | Sale Type | Investment |
| Price | $257,767 | Tenure | Freehold |
| Price Per SF | $148.83 | Cap Rate | 8.50% |
| Condo Use | Industrial | NOI | $21,910.19 |
| Unit Size | 1,732 SF |
| Price | $257,767 |
| Price Per SF | $148.83 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.50% |
| NOI | $21,910.19 |
DESCRIPTION
The estate consists of 11 terraces providing light industrial small starter units with the benefit of
ancillary office accommodation and toilet facilities. Sizes range from 1,100 to 3,500 sq ft and provide approximately 4m eaves with accessed via roller shutter doors and a separate pedestrian entrance. Units are of steel portal frame construction with brick and profiled metal cladding elevations with concrete roof panels. Each terrace has secured gated access to a large hard standing area providing car parking and loading to the front of the units. Units 9&17 comprises a unit with a GIA of 1,732 sq ft (161 sq m)
SALE NOTES
The property is sold freehold.
The property is let to Messrs Ruston and Banks. The lease is for a term of 10 years from 06.09.2021, on full tenant repairing terms, at a rent of £17,420 p.a. which is due for review in each 3rd year of the term to the greater of market rent or RPI. The lease is subject to tenant only break clause at the 5th year subject to 12 months minimum notice.
AMENITIES
- Storage Space
UTILITIES
- Lighting
- Water
Presented by
9-17 Stable Hobba
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