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MKM Cromer Rd 20,694 SF Industrial Building North Walsham NR28 0NB $5,145,458 CAD ($248.64 CAD/SF) 6.50% Cap Rate
Investment Highlights
- Principal commercial centre for the district
- Excellent road connectivity
- Strong local amenities and a well-established retail and trade presence
Executive Summary
Freehold builders merchant and modern trade investment let to MKM Building Supplies Ltd, the UK’s largest independent builders’ merchant on a 20-year FRI lease from 18 October 2022, with 16.71 years unexpired.
Low site coverage of approximately 12%. Site extends to 2.91 acres (1.18 hectares).
Low site coverage of approximately 12%. Site extends to 2.91 acres (1.18 hectares).
Property Facts Sale Pending
| Price | $5,145,458 CAD | Property Subtype | Warehouse |
| Price Per SF | $248.64 CAD | Building Class | B |
| Sale Type | Investment | Rentable Building Area | 20,694 SF |
| Cap Rate | 6.50% | No. Stories | 2 |
| Tenure | Freehold | Year Built | 1986 |
| Property Type | Industrial | Tenancy | Single |
| Price | $5,145,458 CAD |
| Price Per SF | $248.64 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Rentable Building Area | 20,694 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Tenancy | Single |
Amenities
- Yard
- Automatic Blinds
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MKM | Cromer Rd
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