Commercial property
For Sale
Freehold Single Let Industrial Investment and Development Land : 7 March Avenue, March, Cambridgeshire

Property > Commercial > Property For Sale in March
  • 118,185 sq ft single let industrial unit(including landlord’s mezzanine)
  • Let to March Foods Limited on FR&I terms expiring 16/03/2024 giving 5.75 years unexpired
  • Rental income of £400,000 per annum, reflecting £3.38 per sq ft overall
  • Next rent review on 17th March 2019
  • 10.61 acre plot
  • Low site coverage of 16.5%
  • Potential future development plot of 4.37 acres, subject to planning
  • We are instructed to seek unconditional offers in excess of £4,416,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 8.50% assuming purchaser’s costs of 6.56%, reflecting a low capital value per sq ft of £37.37 including mezzanine and £49.03 excluding mezzanine
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