Oaklands Retail Park London Rd 38,406 SF 100% Leased Retail Building Stevenage SG1 1XW $14,768,843 CAD ($384.55 CAD/SF) 5.70% Cap Rate

The development was completed in 2017 comprising 3 modern retail units comprising in total 38,183 sq ft and 103 free shared car parking spaces.
The building is constructed with a steel portal frame. The dimension from floor to underside of structural haunch is 6m. The height to the underside of roof purlins is higher than this, approximately 7m making it possible for the installation of a mezzanine floor, subject to planning.
Offers sought more than £9,000,000 (Nine Million Pounds) for the freehold interest, subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £201 per sq ft (GIA) and a net initial yield of 6.25 % after allowing for purchaser’s costs at 6.8%.