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Loomer Rd
3,460 SF Industrial Condo Unit Offered at $316,857 in Newcastle Under Lyme ST5 7LB
Investment Highlights
- The unit is located on the established Loomer Road Industrial Estate in Newcastle under Lyme providing access on the A34 (1mile)
- The property comprises a recently refurbished mid terrace unit previously occupied by a gym with portal frame construction
- New Insulated Profile Clad Roof
- The A34 gives access to the A500 D Road (2 miles) which in turn provides access to other main arterial roads
- Recently Refurbished
Executive Summary
Description: The property comprises a recently refurbished mid terrace unit previously occupied by a gym with portal frame construction, concrete floor, full height brick elevations with a new insulated pitched clad roof incorporating translucent roof lights. The property benefits from; Two storey offices WC facilities Loading access via a single roller shutter door Eaves height of 4.5m Fluorescent strip lighting Onsite Parking
Property Facts
| Price | $316,857 | Building Class | C |
| Unit Size | 3,460 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 14,850 SF |
| Total Building Size | 17,265 SF | Year Built | 1972 |
| Property Type | Industrial (Condo) | Lot Size | 0.38 AC |
| Property Subtype | Warehouse | Parking Ratio | 0.12/1,000 SF |
| Sale Type | Investment |
| Price | $316,857 |
| Unit Size | 3,460 SF |
| No. Units | 1 |
| Total Building Size | 17,265 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 14,850 SF |
| Year Built | 1972 |
| Lot Size | 0.38 AC |
| Parking Ratio | 0.12/1,000 SF |
1 Unit Available
Unit 17
| Unit Size | 3,460 SF | Sale Type | Investment |
| Price | $316,857 | Tenure | Freehold |
| Price Per SF | $91.58 | Cap Rate | 8.58% |
| Condo Use | Industrial | NOI | $27,186.31 |
| Unit Size | 3,460 SF |
| Price | $316,857 |
| Price Per SF | $91.58 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.58% |
| NOI | $27,186.31 |
Description
he property benefits from;
Two storey offices
WC facilities
Loading access via a single roller shutter door
Eaves height of 4.5m
Fluorescent strip lighting
Onsite Parking
Sale Notes
Seeking offers in excess of £250,000 subject to contract and exclusive of VAT. This reflects a net initial yield of 8.58% after standard purchasers’ costs.
Internal
Internal
Amenities
- Yard
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
Utilities
- Lighting
- Water
- Sewer
-
Andrew Groves -
Mike Burr -
Harris Lamb Ltd
Learn More About Investing in Industrial Properties
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Loomer Rd
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