Dunscar Way Tarleton, Preston £1,250,000

x 12 Units For Sale
Site Layout
Site inc. Phase 2
New Build Retail Park
New Build Retail Park

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ATTENTION INVESTORS
Collection of x 12 Tenanted Commercial Units For Sale
Site only Constructed in 2023
Yield of 8.33% (Rising to 10% Years 4/5)
Current Total Rent of £8,400 pcm / £100,800 pa
Rent Rising to £120,960 pa by Year 3
Variety of Established Businesses
Current Rent of £8,400 pcm or £100,800 pa
New Build Leasehold Site at £200 pa per Unit Ground Rent
Rated Individually with EPC Ratings of B

*ATTENTION INVESTORS *Collection of x 12 Tenanted Commercial Units For Sale *Site only Constructed in 2023 *Yield of 8.33% (Rising to 10% Years 4/5) *Current Total Rent of £8,400 pcm / £100,800 pa *Rent Rising to £120,960 pa by Year 3 *Variety of Established Businesses *Current Rent of £8,400 pcm or £100,800 pa *New Build Leasehold Site at £200 pa per Unit Ground Rent *Rated Individually with EPC Ratings of B

Attention Investors

Smart Move are delighted to present for sale the opportunity to acquire 12 commercial units, all of which are tenanted and newly constructed, meaning that investors will start generating income as soon as they purchase. The current rental income on each unit is £700 pcm, which equates to £8,400 pcm or £100,800 pa. Each unit on the site is signed up to a 6 year lease, which increases at the end of year 3 by 20%, meaning that for the 12 units, the annual rent achieved would increase to £120,960. NB: See the site layout image which highlights in red the 12 units that are being sold.

Leasehold

The site is built as leasehold, with the ground rent per unit being £200 pa. Lease length is 250 years from new.

Yield

Based on the above figures, investors would see a yield in years 2/3 of 8.33%, which would rise to 10% in years 4 - 6.

About the Local Area

Tarleton is a village situated in the Lancashire mosslands north east of Southport, and to the south west of Preston, in North West England. The village is known for farming due to its rich soil quality. The River Douglas runs northwards to the east of the village, as does the Leeds Liverpool Canal. Within the village itself are a fantastic array of boutique independent shops, hairdressers, beauticians, takeaways and gift shops, as well as larger chains such as Aldi, Costa Coffee, Co-op and Spar, making this property within a "stones throw" of all local amenities.