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1 King St 3,847 SF Office Building Ashbourne DE6 1EA $746,414 CAD ($194.02 CAD/SF) 9.27% Cap Rate

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Investment Highlights

Excellent location within a short distance of Market Place.
New lease for a term of 10 years incorporating a rent review and tenant break clause in the 5th year of the term at a rental of £38,500 per annum, exclusive.
Freehold.

Securely let to C W Sellors (Gold and Silversmiths) Limited.
Pre-planning application approved for four apartments (Ref No 25/0005/PREAPP).
Offers are invited at £450,000.

Executive Summary

Offers are invited at £400,000 (Four Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 9.27% and low capital value of £104.00 per sq ft, after allowing for standard purchaser’s costs
FOR SALE on the Instructions of the Joint Administrators of C.W. Sellors Limited and Cressbrook Investments Limited
CW Sellors Group Limited will enter into a new full repairing and insuring lease for a term of 10 years, incorporating an upward only rent review in the 5th year of the term at a rental of £38,500 per annum, exclusive

Brochure