Reversionary Industrial Investment Producing £186 000, Pa Let On 30 June 2039, Bangor, Down, BT19

Asking Price

£3,100,000

Typical Mortgage

per month

Miscellaneous

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Description & Features

Modern high bay factory, warehouse and offices with a gross internal area of 49,353 sqft (4,585 sqm). See later section regarding Tenants mezzanine installation
Parking for c.50 vehicles
Term: c.14 years and 3 months to lease expiration
Rent passing £186,000 pa
Site area: 2.08 acres (0.84 Ha)
Let at a low rent PSF but with rent reviews linked to RPI in July 2029 and July 2034

The subject property comprises a modern industrial facility, situated on a shared site, comprising high bay warehouse/ factory, offices and parking. The building is of traditional portal frame construction with brick/block walls, cladding and double skin insulated roof.
• Double height entrance foyer to the offices
• Clear span open plan office
• Range of private offices and meeting rooms
• Tailgate loading bay
• 3 no. further roller shutter door access
• Eaves height to high bay warehouse – 32ft (10m)
NB. Significant works were undertaken by the Tenant to enhance the floor area with the installation of Mezzanine space. This additional floor space is to be treated as a ‘Tenants Improvement’ and as such does not form part of the rent calculation.