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Spirit Hyundai St. James Rd 8,283 SF 100% Leased Industrial Building Corby NN18 8AL $3,623,604 CAD ($437.47 CAD/SF)
Investment Highlights
- Prominent roadside dealership location
- Mixed-use planning potential
- Detached building with large site
Executive Summary
A prominent freehold motor dealership investment in Corby, fully let to Thurlow Nunn Ltd on a 15-year FRI lease expiring December 2040. The property comprises a detached showroom and workshop extending to 7,414 sq ft, set on a substantial 1.023-acre site including additional car sales land. The asset offers a secure, stepped income profile with an average yield of approximately 6.2% over the first five years. Positioned in a highly visible roadside location, the property also benefits from future development potential via existing planning permissions.
Property Facts
| Price | $3,623,604 CAD | Lot Size | 0.52 AC |
| Price Per SF | $437.47 CAD | Rentable Building Area | 8,283 SF |
| Sale Type | Investment | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1990 |
| Property Type | Industrial | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Service | No. Dock-High Doors/Loading | 2 |
| Price | $3,623,604 CAD |
| Price Per SF | $437.47 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Service |
| Lot Size | 0.52 AC |
| Rentable Building Area | 8,283 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Parking Ratio | 1.21/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
Amenities
- 24 Hour Access
- Storage Space
- Smoke Detector
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Spirit Hyundai | St. James Rd
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