Lanark Delivery Office | 1 Home St
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Lanark Delivery Office 1 Home St
10,199 SF Industrial Building Lanark ML11 9AR $1,153,577 CAD ($113 CAD/SF) 6.32% Cap Rate
Investment Highlights
- Potential for exceptional residential development at some point in the future.
- Long term lease with strong covenant.
- The property is situated just off the A72 in a predominantly residential area
Executive Summary
Offers over £640,000 for the heritable interest in the property. Based on purchaser costs of 5.02%, a purchase at this price would reflect a net initial yield of 6.32% and a capital rate of £63 per sq ft.
Property Facts
| Price | $1,153,577 CAD | Building Class | C |
| Price Per SF | $113 CAD | Lot Size | 0.81 AC |
| Sale Type | Investment | Rentable Building Area | 10,199 SF |
| Cap Rate | 6.32% | No. Stories | 1 |
| Tenure | Freehold | Year Built | 1985 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Clear Ceiling Height | 15 ft 1 in |
| Price | $1,153,577 CAD |
| Price Per SF | $113 CAD |
| Sale Type | Investment |
| Cap Rate | 6.32% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 0.81 AC |
| Rentable Building Area | 10,199 SF |
| No. Stories | 1 |
| Year Built | 1985 |
| Tenancy | Single |
| Clear Ceiling Height | 15 ft 1 in |
Amenities
- 24 Hour Access
Utilities
- Lighting
- Water - City
- Sewer - City
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Lanark Delivery Office | 1 Home St
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