Hammond Rd
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Hammond Rd
20,963 SF 100% Leased Flex Building Bedford MK41 0RG $1,204,056 ($57/SF) 12.23% Cap Rate
Investment Highlights
- Fully let leasehold investment
- Mix of office and industrial suites
- Partially refurbished
Executive Summary
The property comprises a two storey office building of brick construction beneath a part flat and part pitched roof together with an adjoining two-storey warehouse/office building.
The site measures in total approximately 1.55 acres (0.62 hectares). Comprising a two storey, fully let office building split into A & B and industrial section benefiting from a yard area of approximately 0.65 acres. Internally the space totals approximately 17,000 sq. ft
Having undergone recent refurbishment in part, all the office suites are in good decorative order and benefit from multiple aspect rooms with suspended ceilings and air conditioning in places.
There is ample car parking to the front and side of the building.
A ground rent is payable to Bedford Borough Council to the sum of £43,575 per annum, payable quarterly in advance.
Offers over £950,0000.
The site measures in total approximately 1.55 acres (0.62 hectares). Comprising a two storey, fully let office building split into A & B and industrial section benefiting from a yard area of approximately 0.65 acres. Internally the space totals approximately 17,000 sq. ft
Having undergone recent refurbishment in part, all the office suites are in good decorative order and benefit from multiple aspect rooms with suspended ceilings and air conditioning in places.
There is ample car parking to the front and side of the building.
A ground rent is payable to Bedford Borough Council to the sum of £43,575 per annum, payable quarterly in advance.
Offers over £950,0000.
Property Facts
| Price | $1,204,056 | Building Class | C |
| Price Per SF | $57 | Lot Size | 1.54 AC |
| Sale Type | Investment | Rentable Building Area | 20,963 SF |
| Cap Rate | 12.23% | No. Stories | 2 |
| Tenure | Long Leasehold | Year Built | 1973 |
| Property Type | Flex | Parking Ratio | 2.09/1,000 SF |
| Price | $1,204,056 |
| Price Per SF | $57 |
| Sale Type | Investment |
| Cap Rate | 12.23% |
| Tenure | Long Leasehold |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.54 AC |
| Rentable Building Area | 20,963 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 2.09/1,000 SF |
Amenities
- Fenced Lot
- Security System
- Yard
- Automatic Blinds
- Storage Space
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Mathew Brandon -
Fisher German LLP
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Hammond Rd
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