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Carnforth 356

3 Industrial Properties Offered at $14,505,719 in Carnforth

Investment Highlights

  • The site is situated immediately adjacent to junction 35 of the m6 motorway, providing immediate access from the north and south.
  • Nearby occupiers include Castle Industrial Supplies, Havwoods Flooring and Strongdor.
  • Passing rent on completion of £758,750p
  • Directly opposite the site is the Carnforth Business Park, which comprises 150,000 sqft of new build warehouse developments.
  • Pre-let AWULT of 18.3 years to expiry.
  • EV Charging points

Executive Summary

The property is held freehold, and comprises of 59,000 square feet spread over 5 new build units. The estate is pre-let to 4 tenants with a 12 month rent and service charge guarantee on unit b1. Pre-let AWULT of 18.3 years (17.6 years to 1st TBO). The estate will produce £758,750pa from practical completion. The property is available for offers at of £11,350,000 exclusive of VAT. A purchase at this level reflects a net
initial yield of 6.25% (assuming usual purchaser’s costs of 6.71%).

Attachments

Brochure

Property Facts

Price $14,505,719
Price / SF $226.65 / SF
Cap Rate 6.69%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 64,000 SF
Total Land Area 29.94 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
Unit D
Kellet Rd, Carnforth LA6 1BP
Industrial 15,000 SF 2024 -
Units C1 - C2
Kellet Rd, Carnforth LA6 1BP
Industrial 14,000 SF 2024 -
Unit B1 - B2
Kellet Rd, Carnforth LA6 1BP
Industrial 35,000 SF 2024 -
Show More > < Show Less
  • Listing ID: 32405771

  • Date on Market: 7/10/2024

  • Last Updated:

  • Address: Carnforth 356, Carnforth, LAN

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