Units 415 Oakshott Place, Walton Summit, Bamber Bridge, Preston, PR5 8AT

Property description

Opportunity to acquire a highly reversionary, purpose built multi-let industrial/trade estate.

 The property comprises 76,185 sq ft across 14 well specified units (3,302 – 10,103 sq ft).

 Let to 10 tenants providing a low passing rent of £485,382 pa (£6.37 psf overall), and an ERV of £644,009 pa (£8.45 psf), offering excellent scope for reversion.

 64% of the income (8 units) subject to a lease event in the next 12 months.

 The purchase price of £7,280,000 reflects a NIY of 6.25%, reversionary yield of 8.30% and low capital value of £95.56 psf.  

What is 4 plus 9?

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Property of interest: Units 415 Oakshott Place, Walton Summit, Bamber Bridge, Preston, PR5 8AT

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