Sankey St 750 - 1,000 SF Condo Units Offered at $300,909 Per Unit in Newton Le Willows WA12 8DN
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- Roller Shutter Doors
- Solid Transport Links
EXECUTIVE SUMMARY
The property is close to the entrance of the well established Sankey Valley Industrial Estate. It is located at the junction of Sankey Street and Junction Lane. The property is within easy reach to East Lancs (A580) and M6 motorway (junction 23).
PROPERTY FACTS
| Price | $300,909 |
| Unit Size | 750 - 1,000 SF |
| No. Units | 2 |
| Total Building Size | 8,000 SF |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 8,000 SF |
| Year Built | 2019 |
| Lot Size | 0.65 AC |
2 UNITS AVAILABLE
Unit 1
| Unit Size | 1,000 SF |
| Price | $300,909 |
| Price Per SF | $300.91 |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.00% |
| NOI | $21,063.63 |
SALE NOTES
Prime Investment opportunity:
The property is available for sale offers in the region
of £230,000 plus VAT. Strong Net initial yield – 7%
The property is owned by way of a 250 year long
lease from 5 November 2018. The ground rent is
£315 per annum with a review date 1 March 2028
and every fifth anniversary of that date based up the
retail price index. All uplifts subject to a cap of no
greater than 5% annually. It has a permitted user
clause of B1, B2 or B8 as was written in the Town
and Country Planning (Use Classes) Order 1987.
1
2
3
Unit 1
| Unit Size | 750 SF |
| Price | $300,909 |
| Price Per SF | $401.21 |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 7.00% |
| NOI | $21,063.63 |
DESCRIPTION
A tenanted unit for sale with excellent rental growth
potential. Unit 1, Art Business Park was constructed
in 2018 and is part of a row of 7 industrial buildings
near to the entrance of Sankey Valley Industrial
Estate.
The modern construction makes the units ideally
situated for Use class B1 Business, B2 General and
B8 Storage and Distribution. They benefit from
insulated roof cladding and LED lighting. An office is
fitted out at first floor level.
SALE NOTES
Prime Investment opportunity:
The property is available for sale offers in the region
of £230,000 plus VAT. Strong Net initial yield – 7%
The property is owned by way of a 250 year long
lease from 5 November 2018. The ground rent is
£315 per annum with a review date 1 March 2028
and every fifth anniversary of that date based up the
retail price index. All uplifts subject to a cap of no
greater than 5% annually. It has a permitted user
clause of B1, B2 or B8 as was written in the Town
and Country Planning (Use Classes) Order 1987.
1
2
3
AMENITIES
- Security System
- Energy Performance Rating - B
- Storage Space
- Air Conditioning
