Report a Fault Drake House & Drake Mew, Gadbrook Park, Cheshire CW9 7RA
17,700 Sq Ft
£52,500
- Ref: DrakeHse
- Type: Investment
- Availability: Sold STC
For Sale: 4 ground rent Investments secured on Drake House and Drake Mews on Gadbrook Park, a Business Park on the outskirts of Northwich, Cheshire. Occupiers include The Hut Group, Roberts Bakery, Poole Alcock Solicitors, WR Partners Accountants and Weaver Vale Housing Association.
The buildings comprise 1x 2 storey and 3 single storey purpose-built office buildings constructed of brick with pitched tile covered roofs and were erected in the 1980’s/1990s. They extend to 17,000 sq. ft together with 82 car spaces on a 1.5-acre site.
Rent Reviews: The Ground Rents are reviewable every 5 years to 1% of the Rack Rental Value of the respective building. Next Rent Reviews due 2025.
Tenure: Freehold
Income: Current income totals £2,570 pa
Price: £52,500. Subject to Contract. Equating to Gross Initial Yield just under 5%
Contact lucy.warriner@fifieldglyn.com for an inspection.
The buildings comprise 1x 2 storey and 3 single storey purpose-built office buildings constructed of brick with pitched tile covered roofs and were erected in the 1980’s/1990s. They extend to 17,000 sq. ft together with 82 car spaces on a 1.5-acre site.
Rent Reviews: The Ground Rents are reviewable every 5 years to 1% of the Rack Rental Value of the respective building. Next Rent Reviews due 2025.
Tenure: Freehold
Income: Current income totals £2,570 pa
Price: £52,500. Subject to Contract. Equating to Gross Initial Yield just under 5%
Contact lucy.warriner@fifieldglyn.com for an inspection.
