Hornsby Square forms part of the Southfields Industrial Estate which is located just south of the A127 (London to Southend). The development is accessed from the B148 West Mayne via Fenton Way, Hornsby Square and Christy Way.
An excellent opportunity to acquire this fully occupied Industrial investment comprising of four units within the Southfields Industrial Estate. Some of the tenants have been in residence now for approximately 11 years, Southfields is considered to be one of the most popular industrial Estates because of its links to and from the M25.
Features 8.2% Gross yield
Investment Details Unit 21: Industrial unit measuring approximately 2200 sqft, achieving a rent of £16,500 per annum on a open ended lease.
Unit 31: Industrial unit measuring approximately 1540 sqft, achieving a rent of £10,000 per annum on a one year lease, same tenants as Unit 21.
Unit 41: Industrial unit measuring approximately 2870 sqft, achieving a rent of £16,000 per annum on a one year lease.
Unit 34: Industrial unit measuring approximately 6350 sqft, multiple occupancy with a combined rent of £48,0000 per annum.
Net Rent Roll The four units are et on commercial terms with a comulative rent role of £90,500.00
Terms The investment is available on a freehold basis for which our client is seeking £1,100,000.
Viewing Viewing are strictly by appointment by Dedman Gray Commercial on 01702 311111
VAT We advised that VAT is not applicable in this transaction.