This week's email comprises an investment property in Manchester while there are price reductions for Norwich – Imperial House &
for a development site in London, Ladbroke Grove.
To use Open Market Listings to market your property sales to 30,000 potential buyers call Richard Goff 0203 214 0175 or email rgoff@costar.co.uk
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MANCHESTER – 92-94 Church Street, Eccles
*Prime freehold investment–11 years unexpired to Halifax Plc*
Modern banking retail unit arranged over 2 floors
Let to Halifax Plc until August ‘20
Price: £600,000 Net Initial Yield: 6.07%
Agent: Christopher Dee |
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NORWICH – Imperial House, 61-65 Rose Lane
*Offering significant refurbishment/redevelopment potential*
Late 1960’s 5 storey office building – 29 car parking spaces
Let on a 3 year leaseback to Norwich Union Central Services
upon completion
Price: £975,000 Net Initial Yield: 15.61%
Agent: Bidwells |
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LONDON W11 – Site, Ladbroke Grove
*With planning for a contemporary residential redevelopment*
Planning granted for an iconic house
Proposed 4 bedroom suites, gym, media, garage, large
reception patio.
Gross internal area: 3,326 sq ft
Price: £1,495,000
Agent: Landmass |
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BRISTOL – 4, 6, & 8 Temple Street
*Town centre freehold bank investment – SPV available*
Two storey building providing 3 retail units
Let to Britannia Building Society until December ‘17
Price: £1,125,000 Net Initial Yield: 6%
Agent: Suttons Commercial |
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FARNBOROUGH – Units 1&2, 106 Hawley Lane
*High yielding multi-let industrial investment*
Two detached industrial units providing a total gross internal
floor area of approx. 41,588 sq ft.
Let to 2 tenants providing an average income weighted lease
expiry profile of 10.9 years & 5.9 years to earlier break options
(excluding break penalty)
Price: £3,250,000 Net Initial Yield: 10%
Agent: Strutt & Parker |
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OLDHAM – Aniseed House, Broadgate
*Freehold office building – popular business park location*
A new two storey office building, fitted out to a high standard
Let to Mavinwood PLC on a 10 year lease from April ‘07
with a break option in the 5th year
Price: £850,000 Net Initial Yield: 9.45%
Agent: Knight Frank |
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MANCHESTER – Macintosh Village Car Park
*Prime Freehold Multi Storey Car Park*
Modern seven storey car park with 4 sub-levels.
The car park generates a net income of £101,115 pa –
once fully let potential net income is £151,845pa
Significant management angles
Price: Offers
Agent: Knight Frank |
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WESTON-SUPER-MARE – 187-197 High Street
*With planning for residential development to rear*
Parade of 6 shops with offices above
Planning has been obtained for 4x2 bed flats &
2x1 bed flats to the rear
Multi-let – see details
Price: £1,425,000 NIY: 6% Revisionary Yield: 7%
Agent: Suttons Commercial |
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