PROPERTIES

Compton Place Business Centre, Surrey Avenue, Camberley Surrey GU15 3DX

Price£1,838,000

PDF DETAILS

Compton Place Business Centre, Surrey Avenue, Camberley Surrey GU15 3DX

  • Income£156,151
  • Yield8%
  • SectorIndustrial
  • StatusSold
PDF DETAILS

High Yielding South East Multi Let Industrial / Workshop Investment

Summary

  • Located in Camberley, a key industrial corridor for the south east with direct access to the M3 Motorway.
  • A multi let two storey industrial / workshop estate situated just a few minutes drive from the A30.
  • Comprising 20 fully let self contained units providing a total floor area of 15,043 sq ft.
  • Majority of units benefit from business rates relief due to small unit sizes.
  • The property benefits from excellent tenant retention.
  • Total rent of £156,151 per annum reflecting a low average passing rent of £10.38 per sq ft.
  • Low capital value of £122 per sq ft
  • Established ERV of £12.50 per sq ft, showing strong potential for further rental growth.
  • Freehold.
  • Potential industrial / residential redevelopment opportunity, subject to necessary planning consents.
  • Offers in excess of £1,838,000 (ONE MILLION EIGHT HUNDRED AND THIRTY-EIGHT THOUSAND POUNDS).
  • Net Initial Yield of 8% after allowance for purchaser’s costs of 6.22% and a potential reversionary yield of 9.63%