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The Plough & Corn Barns Meppershall Rd 1,850 SF 100% Leased Office Building Hitchin SG5 3PF $511,769 CAD ($276.63 CAD/SF) 5.03% Cap Rate
INVESTMENT HIGHLIGHTS
- Semi-rural business park
- 8.1 miles from Flitwick Town & Train Station
- 3.1 miles from the A600 and 3.8 miles from the A6
EXECUTIVE SUMMARY
Suite 1b is current let on a yearly rolling licence at an all inclusive rent of £6,126 per annum.
Suite 2 is currently let on a 5-year lease, commencing from November '23, producing an annual rent of £7,700 exclusive plus service charge.
The property is set in a picturesque location, and offers office space with ample parking and characters features, while providing all the expected modern amenities.
Suite 2 is currently let on a 5-year lease, commencing from November '23, producing an annual rent of £7,700 exclusive plus service charge.
The property is set in a picturesque location, and offers office space with ample parking and characters features, while providing all the expected modern amenities.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
1,850 SF
Building Class
B
Year Built
2000
Price
$511,769 CAD
Price Per SF
$276.63 CAD
Cap Rate
5.03%
NOI
$25,730 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,850 SF
Building FAR
0.03
Lot Size
1.22 AC
AMENITIES
- Courtyard
- Air Conditioning
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The Plough & Corn Barns | Meppershall Rd
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