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Baird Rd 14,876 SF Industrial Condo Unit Offered at $2,793,231 CAD in Quedgeley GL2 2AF
INVESTMENT HIGHLIGHTS
- Modern industrial investment in an established and successful business park
- 5m to underside of haunch
- Comprising end of terrace units totalling 14,875 sq ft
EXECUTIVE SUMMARY
Brearley Court is a modern development of terraced industrial units. Units 6 & 7 form the corner units fronting Baird Road, in a block of six light industrial units. The units are of steel portal frame construction with part profiled metal sheet clad and part brick elevations under a profile metal sheet roof with powder coated aluminium glazed doors and windows. The units are well specified with clear open span production/storage areas, with a height of approximately 5m to the underside of the haunch.
PROPERTY FACTS
| Total Building Size | 29,705 SF | Floors | 2 |
| Property Type | Industrial (Condo) | Typical Floor Size | 14,853 SF |
| Property Subtype | Warehouse | Year Built | 2009 |
| Building Class | B | Lot Size | 0.69 AC |
| Total Building Size | 29,705 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 14,853 SF |
| Year Built | 2009 |
| Lot Size | 0.69 AC |
AMENITIES
- Energy Performance Rating - D
- Automatic Blinds
- Storage Space
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
1 UNIT AVAILABLE
Unit 6-7
| Unit Size | 14,876 SF | Sale Type | Investment |
| Price | $2,793,231 CAD | Tenure | Freehold |
| Price Per SF | $187.77 CAD | Cap Rate | 6.28% |
| Condo Use | Industrial | NOI | $175,414.88 CAD |
| Unit Size | 14,876 SF |
| Price | $2,793,231 CAD |
| Price Per SF | $187.77 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.28% |
| NOI | $175,414.88 CAD |
DESCRIPTION
Brearley Court is a modern development of terraced industrial units. Units 6 & 7 form the corner units fronting Baird Road, in a block of six light industrial units.
The units are of steel portal frame construction with part profiled metal sheet clad and part brick elevations under a profile metal sheet roof with powder coated aluminium glazed doors and windows.
SALE NOTES
Seeking offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds).
A purchase at this level would reflect 6.28% NIY with potential reversion to around 9.35% (allowing for purchaser’s costs at 6.10%) and capital value of £100 per sq ft.
The property is fully let on FRI terms to Direct Online Services Limited on a 10 year lease from 1st July 2018 expiring 30 June 2028, leaving approximately 3 years unexpired. The rent passing is £100,000 per annum, reflecting £6.72 per sq ft. The lease is contracted outside the act.
The tenant owns and occupies the adjoining Units 8 & 9, as well as the opposing terrace.
Presented by
Baird Rd
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