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Available Properties Main
Road Site, Banbury, Oxon (Updated August 2003) 20,000
Sq Ft Non Food Retail Building Under Construction Part of the site is occupied by IMO Car Wash. Fairbairn Wild are jointly marketing the site jointly with Wareing & Company. Click for further information
Laser House, Beaumont Close, Banbury, Oxon (UNDER OFFER) Freehold office investment of interest to investors and owner-occupiers, available in part or as a whole. Laser House occupies a prominent main road site located in an established business area approximately 1 mile north of Banbury town centre. The property comprises two self-contained single storey office buildings with one building to be subject to a lease for a term of 15 years to Laser Lines (Industrial & Medical) Ltd at a rent of £70,000 p.a. The second building is available with vacant possession and was constructed in 1996 being quality multi-purpose space suitable for a wide range of office, high-tech, research and development, light assembly and storage uses. Total accommodation is approximately 18,000 sq ft and in addition there are 45 surface car spaces.
The property is available as a sale and lease back of part. The income will be £70,000 p.a. secured for a term of 15 years and represents £7.68 per sq ft. The second building is available for occupation. The freehold interest in the entire property is available at £1,400,000 reflecting £77.40 per sq ft on a net internal basis. Assuming a letting of the second building at £75,000 p.a. the combined income of £145,000 p.a. would represent a NIY of 9.80%.
Joint agents White Mitchell
and Lambert Smith Hampton. High Street Retail Investments We are handling the sale of various retail investments for clients. Please contact us for further information. 206/208
Dalton Road, Barrow In Furness Let to Holland & Barrett until June 2016 Passing rent £30,500 p.a. Price of £430,000 reflecting 6.97% net initial yield No stamp duty payable 33 Castle
Street, Hinckley Passing rent of £31,500 p.a. Price of £430,000 reflecting
7% Net Initial Yield. 9
Stepney Street, Llanelli Let to The Carphone Warehouse Limited until March 2011. Passing rent of £38,800 p.a. Price of £500,000 reflecting
7.4% Net Initial Yield. Let to National Co-operative
Chemists Limited until January 2013.
Fairbairn Wild for themselves and for the vendor of these properties, whose agents they are give notice that:- (a) The particulars and plans are set out as a guideline only for guidance of intending purchasers and do not constitute the whole or part of an offer or contract. (b) All descriptions, dimensions, references to conditions and necessary permission for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers should not rely upon them as statements or representations of fact but should satisfy themselves by inspection or otherwise as the correctness of each of them. No persons in employment of Fairbairn Wild has any authority to make or give any representation or warranty whatever in relation to these properties.
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