Nixs Hill Industrial Estate | Keys Rd
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Nixs Hill Industrial Estate Keys Rd
11,274 SF Office Building Alfreton DE55 7FQ $894,157 ($79/SF) 10.80% Cap Rate
Investment Highlights
- LED Ceiling Lights
- Perimeter trunking
- Circa 75 marked car parking spaces
- Solid concrete floor on ground floor/suspended concrete floor on first floor
- Air conditioning via ceiling mounted cassette units
- The building is set within attractive grounds on a site of circa 1.54 acres
Executive Summary
Superbly situated in a mixed use area with industrial, office, retail and residential uses nearby. Excellent access to major road / motorway routes. Current income £82,500 per annum, reflects only £7.32 per sq ft. The current occupational lease expires 19th October 2030, subject to a tenant only break 20th October 2025, subject to a break premium of £41,280 payable by the tenant. For Sale - £725,000 plus VAT, subject to contract. A purchase at this level reflects a net initial yield of 10.8% assuming usual purchaser costs.
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Tenure
Freehold
Building Size
11,274 SF
Building Class
B
Year Built
1980
Price
$894,157
Price Per SF
$79
Cap Rate
10.80%
NOI
$96,569
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,637 SF
Building FAR
0.17
Lot Size
1.54 AC
Parking
75 Spaces (6.65 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
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Nixs Hill Industrial Estate | Keys Rd
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