Property Information
Address:
Botany Way, Purfleet, Essex
, RM19 1SR
, Essex
, United Kingdom
Price: Buy: POA
Size: 9751 sq ft906 sqm
Primary Category: Investment
All Categories:
Investment, Warehouse, Industrial,
Property Ref/Movehut: MH691216
Property Ref/Agent: 45926
*Please use the agent ref when calling the agent directly.
Property Date Information
Last Updated: June 15, 2024
Property description
Multi Let Industrial Estate in a prominent Essex industrial market.
Excellent transport communications with access to Junction 30/31 of the M25 and the A13 both within 5 minutes drive time.
The estate comprises 4 units providing accommodation of 9,751 sq ft GIA with units ranging from 949 sq ft to 2,888 sq ft
The property is let to 4 tenants and benefits from a WAULT of 1.44 years to lease expiries
Current passing rent of £108,950 per annum
We are instructed to seek offers in excess of £2,075,000 (Two Million & Seventy Five Thousand Pounds), subject to contract and exclusive of VAT, for the limited company holding the asset.
A purchase at this level reflects a Net Initial Yield of 5.02% and an anticipated reversionary yield of 8.38%, allowing for standard purchasers costs of 6.31
;