Ground Rent Investment Opportunity – Doncaster
Binder Industrial Park, Eland Road, Doncaster, DN12 4HA
48,911.21 sq ft
- Secure long let commercial ground rent investment with nearly 240 years remaining.
- Well located industrial estate of 11 units totaling 48,918 sq ft in the popular Denaby Main area to the east of Doncaster.
- Let to Wulstan Capital (Doncaster) LLP with reviews linked to uncapped RPI every five years.
- Ground rent, after top up, of £39,483 pa, equating to just £0.80 psf. Passing rents on the units ranging from £4.75 psf to £7 psf.
- Offers in excess of £860,000 (Eight Hundred and Sixty Thousand Pounds), subject to contract, for our client’s freehold interest. The vendor proposes to top the current passing rent up to £39,483 per annum, based on estimated RPI at July 2024, until the next review on 15 July 2024. A purchase at this level reflects a net initial yield of 4.35% after purchaser’s costs of 5.58%.
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