This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
12-12 Steel Close
2,793 SF Industrial Condo Unit Offered at $546,388 CAD in Eaton Socon PE19 8TT
Investment Highlights
- Modern Industrial unit of steel portal frame construction
- Well established commercial location
- REVISED PRICE
- Open Market Letting last year
- Convenient access to A1, A428 and A421
Executive Summary
St Neots is a well known market town situated in Cambridgeshire close to its border with Bedfordshire. It has a population in excess of 40,000 and is considered the fastest growing town in the County. The town forms part of the “Oxford-Cambridge” Arc, a globally significant area supporting over 2 million jobs which is one of the fastest growing economies in the Country. The town is located approximately 60 miles north of London, 19 miles west of Cambridge, 30 miles south of Peterborough and 11 miles north east of Bedford. St Neots has excellent road communications being at the intersection of the A1 and A428 and A421. The property is situated in the Eaton Socon part of town on Steel Close off Little End Road which in turn links with The Great North Road which then leads to the A1 a mile to the south. The area around Little End Road is one the principle industrial areas of the town.
Property Facts
| Price | $546,388 CAD | Building Class | B |
| Unit Size | 2,793 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 2,136 SF |
| Total Building Size | 2,793 SF | Year Built | 1985 |
| Property Type | Industrial (Condo) | Tenancy | Single |
| Property Subtype | Service | Lot Size | 0.60 AC |
| Sale Type | Investment | Sale Conditions | Direct Exchange |
| Price | $546,388 CAD |
| Unit Size | 2,793 SF |
| No. Units | 1 |
| Total Building Size | 2,793 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Service |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,136 SF |
| Year Built | 1985 |
| Tenancy | Single |
| Lot Size | 0.60 AC |
| Sale Conditions | Direct Exchange |
1 Unit Available
Unit 12
| Unit Size | 2,793 SF | Tenure | Freehold |
| Price | $546,388 CAD | Cap Rate | 8.00% |
| Price Per SF | $195.63 CAD | NOI | $43,711.08 CAD |
| Condo Use | Industrial | Sale Conditions | Direct Exchange |
| Sale Type | Investment |
| Unit Size | 2,793 SF |
| Price | $546,388 CAD |
| Price Per SF | $195.63 CAD |
| Condo Use | Industrial |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 8.00% |
| NOI | $43,711.08 CAD |
| Sale Conditions | Direct Exchange |
Description
The property comprises a mid-terrace industrial/warehouse unit with profiled steel cladding over a portal frame with block cavity walls and concrete floor.
Sale Notes
REVISED PRICE £302,500.00 exclusive of VAT (three hundred and forty four thousand two hundred and fifty pounds) Subject to Contract.
A sale at this level reflects a net initial yield of 8% allowing for usual purchaser’s costs of 3.33%.
A 5 year FRI lease to The Business Printing Company LLP ( company number OC343498) from 25/08/2023 outside the Landlord and Tenant Act 1954(II) as amended in respect of security of tenure.
The tenant is a local family business printer established in St Neots for over 30 years. For the year ending 31st March 2023, the tenant’s accounts recorded net assets of £293,000.
Major Tenant Information Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| The Business Printing Company LLP |
99,999 SF SF
|
Jan 0000
|
Amenities
- Fenced Lot
- Yard
- Accent Lighting
- Automatic Blinds
- Storage Space
- Air Conditioning
Utilities
- Gas
- Water
Presented by
12-12 Steel Close
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.