Commercial property
Under Offer
Freehold Multi Let Industrial Estate, Units 1, 2/3, 5/6 & 8 Hampstead Court, 30a/30b Hampstead Avenue, Mildenhall, Suffolk

Investment for sale
£1,500,000 / NIY 9.46%
Summary
  • Freehold industrial estate close to the A11
  • The site provides 0.674 hectares (1.66 acres)
  • The property comprises a total of 3,624.44 sq m (39,015 sq ft) in 6 units, four of which have been combined
  • Let to 4 tenants producing a total income of £150,500 per annum, which reflects a low overall rate of £3.86 per sq ft
  • AWULT of 6.7 years
  • Offers in excess of £1,500,000 for the freehold interest, subject to contract and exclusive of VAT
  • Reflects an attractive net initial yield of 9.46%, based on purchaser's costs of 6.10%
  • Low capital value rate of £38.45 per sq ft
  • Units 4 and 7 on estate sold in 2017 to owner occupiers for £178,000 (£60.75 per sq ft) and £195,000 (£66.55 per sq ft)
Done
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