Newlyn 1,659 SF Flex Condo Unit Offered at $358,463 CAD in Penzance TR20 8TL
INVESTMENT HIGHLIGHTS
- Prominent Business Location
- High Eaves
- Solid Transport Links
EXECUTIVE SUMMARY
The property comprises a single storey building of steel frame construction. The property is located on the Stable Hobba Industrial Estate on the outskirts of Newlyn. Access to the Estate is via the B3315 which connects to the A30 running from Penzance to Lands End.
PROPERTY FACTS
| Price | $358,463 CAD |
| Unit Size | 1,659 SF |
| No. Units | 1 |
| Total Building Size | 7,618 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Sale Type | Investment |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 7,618 SF |
| Year Built | 1981 |
| Lot Size | 0.21 AC |
1 UNIT AVAILABLE
Unit 5
| Unit Size | 1,659 SF |
| Price | $358,463 CAD |
| Price Per SF | $216.07 CAD |
| Condo Use | Flex |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Cap Rate | 8.50% |
| NOI | $30,469.36 CAD |
DESCRIPTION
The estate consists of two separate levels providing refurbished light industrial starter units with the benefit of ancillary office accommodation and toilet facilities. The lower level is configured into 4 blocks providing a range of unit sizes and ample parking. The upper section consists of 3 separate units together with a large ancillary car park. Units are accessed via roller shutter doors and a separate pedestrian entrance. Units are generally of steel portal frame construction with brick and profiled metal cladding elevations with concrete roof panels. Car parking and loading is provided to the front of the units. Unit 5 comprises a building with a GIA of 1,660 sq ft (154 sq m).
SALE NOTES
Introducing an attractive investment prospect, this recently renovated freehold industrial unit is currently on the market for sale. Located within a well-established estate, this property offers the benefit of a fresh 10-year full tenant repairing lease, ensuring stability and promising potential for sustained returns in the long run.
AMENITIES
- Yard
- Storage Space
UTILITIES
- Lighting
- Water
- Sewer
CONTACT
-
Ramesh Dewan - Trans-Britannia Properties Limited
