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Cranborne House & Summit House 2 Industrial Properties Offered at $23,713,883 CAD in Potters Bar
INVESTMENT HIGHLIGHTS
- Given its prominent visibility from the train line and direct access to surrounding roads
- Summit House was built in the late 1950s and comprises 53,053 sq ft (4,928 sq m) of industrial warehouse space arranged over two levels
- The building's structural characteristics-including floor-by-floor vehicular access and robust floor loadings
EXECUTIVE SUMMARY
Terms
The freehold interest is available at a quote price of £12,750,000. VAT is payable on the purchase price.
Offers in excess of £12,750,000 (twelve million, seven hundred and fifty thousand pounds) subject to contract. A purchase at this level reflects an attractive Net Initial Yield of 8.09% and potential reversion of 9.72% (assuming enhanced purchaser’s costs of 6.78%). This reflects a Capital Value per square foot of £63 psf
The freehold interest is available at a quote price of £12,750,000. VAT is payable on the purchase price.
Offers in excess of £12,750,000 (twelve million, seven hundred and fifty thousand pounds) subject to contract. A purchase at this level reflects an attractive Net Initial Yield of 8.09% and potential reversion of 9.72% (assuming enhanced purchaser’s costs of 6.78%). This reflects a Capital Value per square foot of £63 psf
PROPERTY FACTS
| Price | $23,713,883 CAD | Number of Properties | 2 |
| Price / SF | $116.97 CAD / SF | Individually For Sale | 0 |
| Cap Rate | 8.09% | Total Building Size | 202,743 SF |
| Sale Type | Investment | Total Land Area | 1.32 AC |
| Status | Active |
| Price | $23,713,883 CAD |
| Price / SF | $116.97 CAD / SF |
| Cap Rate | 8.09% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 202,743 SF |
| Total Land Area | 1.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Cranborne House
Cranborne Rd, Potters Bar EN6 3JN |
Industrial | 149,690 SF | 1986 | - |
|
Summit House
Summit Rd, Potters Bar EN6 3ER |
Industrial | 53,053 SF | 1956 | - |
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Cranborne House & Summit House
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