Bridge Works, Stamford Bridge, York, YO41 1AL

East Riding of Yorkshire

Freehold

143,989 sq. ft

Investment Summary

  • Located in an affluent residential area 5 miles East of the City of York.
  • Income producing prime strategic investment opportunity.
  • Freehold.
  • XANDOR Automotive is a leading global manufacturer with production sites located in Germany, UK, Czech Republic and China – with about 2,500 employees. D&B Rating of 3A2.
  • 9.7 years term certain.
  • Combined 6.3 MVA power supply.
  • Current passing rent of £460,830 pax, reflecting a low £3.70 psf.
  • Rent reviews 2021 (outstanding) and 2026. 
  • Asset management opportunity via re-gear of existing lease.
  • Underlying alternative use value of circa £7,400,000.
  • Offers sought in excess of £5,763,000 (Five Million Seven Hundred and Sixty Three Thousand Pounds), subject to contract and exclusive of vat.
  • A purchase at this level would reflect a net initial yield of 7.5% (after purchasers’ costs of 6.62%) and low capital value of £40 psf

Contact us about
this property

0113 245 6000
agency@gentvisick.com

 

 

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