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Holly Street Trading Estate Holly St 26,711 SF 100% Leased Industrial Building Luton LU1 3XG $6,334,396 CAD ($237.15 CAD/SF)
INVESTMENT HIGHLIGHTS
- Proximity to Luton town centre in an established industrial / motor trade area
- Multi-let industrial estate comprising 10 units
- Highly reversionary rent with several units currently under offer and acheiving in the region of £12.50/sqft. Anticipated ERV of circa £271,590 pa
- Proximity to key arterial routes (M1, A505, A6)
- Significant break up opportunity
- Offers in excess of £3,400,000 subject to contract and exclusive of VAT
EXECUTIVE SUMMARY
The subject site is an established industrial estate, comprising 10 units at ground floor level and first floor commercial space. The first floor space has recently been sold on a 999-year ground lease, subject to peppercorn rent. The estate extends to 26,711 square feet (2,482 m2) on a site area of approximately 0.81 acres.
The estate has benefited from recent improvements including decoration of all external elevations, upgraded electrics, satisfaction of compliance matters and the implementation of proper estate management (to include service charge and rent collection).
The estate has benefited from recent improvements including decoration of all external elevations, upgraded electrics, satisfaction of compliance matters and the implementation of proper estate management (to include service charge and rent collection).
PROPERTY FACTS Sale Pending
| Price | $6,334,396 CAD | Building Class | C |
| Price Per SF | $237.15 CAD | Rentable Building Area | 26,711 SF |
| Sale Type | Investment | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1970 |
| Property Type | Industrial |
| Price | $6,334,396 CAD |
| Price Per SF | $237.15 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Building Class | C |
| Rentable Building Area | 26,711 SF |
| No. Stories | 1 |
| Year Built | 1970 |
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Holly Street Trading Estate | Holly St
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