PROPERTIES

Watchmoor Trade Centre Camberley, Surrey GU15 3AJ

Price£3,102,000

PDF DETAILS

Watchmoor Trade Centre Camberley, Surrey GU15 3AJ

  • Income£231,133
  • Yield7%
  • SectorIndustrial
  • StatusSold
PDF DETAILS

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 story industrial / workshop estate situated just 2 minutes’ drive from the A30 and A331.
  • Comprising 26 fully let self-contained units providing a total floor area of 22,547 sq ft.
  • All leases let on flexible terms.
  • The property benefits from excellent tenant retention.
  • Majority of units benefit from business rates relief due to small unit sizes.
  • Total rent of £231,133 per annum.
  • Established ERV of £11.00 psf on the industrial accommodation with strong potential for further rental growth.
  • Freehold.
  • Offers in excess of £3,102,000 THREE MILLION ONE HUNDRED AND TWO THOUSAND POUNDS), subject to contract and exclusive of VAT.
  • Net initial yield of 7.0% and a potential reversionary yield of 7.90% after allowance for purchaser’s costs of 6.46%.