This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Hill Lane Clos
2,275 SF Industrial Condo Unit Offered at $422,455 in Markfield LE67 9PN
Investment Highlights
- Single lot investment property with established tenants
- Good road links
- Popular North Leicestershire Industrial Estate
Executive Summary
The property comprises a single storey semi detached industrial unit of conventional steel portal frame condition with brick and profile cladding elevations and a pitched roof. The property is located in the centre of Hill Lane Close Industrial Estate, which is a popular commercial centre just north of the village of Markfield, with excellent access to the A50 and within 2 minutes drive of the M1 motorway (J22).
Property Facts
| Price | $422,455 | Sale Type | Investment |
| Unit Size | 2,275 SF | Building Class | B |
| No. Units | 1 | Floors | 1 |
| Total Building Size | 9,947 SF | Typical Floor Size | 9,947 SF |
| Property Type | Industrial (Condo) | Year Built | 1970 |
| Property Subtype | Service | Lot Size | 0.50 AC |
| Price | $422,455 |
| Unit Size | 2,275 SF |
| No. Units | 1 |
| Total Building Size | 9,947 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Service |
| Sale Type | Investment |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 9,947 SF |
| Year Built | 1970 |
| Lot Size | 0.50 AC |
1 Unit Available
Unit 7
| Unit Size | 2,275 SF | Sale Type | Investment |
| Price | $422,455 | Tenure | Freehold |
| Price Per SF | $185.69 | Cap Rate | 5.00% |
| Condo Use | Industrial | NOI | $21,122.74 |
| Unit Size | 2,275 SF |
| Price | $422,455 |
| Price Per SF | $185.69 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 5.00% |
| NOI | $21,122.74 |
Description
The property comprises a single storey semi detached industrial unit of conventional steel portal frame condition with brick and profile cladding elevations and a pitched roof. The property is well presented with internal offices and warehouse accommodation, together with staff facilities. There are two forecourts benefitting the property, providing loading and ample parking.
Sale Notes
£340,000 for the freehold interest, subject to the existing Lease, which reflects a net initial yield of 5% (based on the current rental income and assumed Purchaser's costs of 3.9%).
Amenities
- Security System
- Automatic Blinds
Utilities
- Lighting - Fluorescent
Presented by
Hill Lane Clos
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.