Lillyhall Business Centre, Workington, Cumbria CA14 4HA

Workington, CA14 4HA

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Lillyhall Business Centre, Workington, Cumbria CA14 4HA
Price £2,560,000
Rent (pa) £243,374
Yield 8.94%

Investment Summary

  • High Yielding Multi-Let Business Centre Investment
  • Strong tenant history and 51% let to UK government backed income
  • Excellent location on established and popular industrial/office park
  • Two separate buildings, with a large well appointed office building and
  • small multi-let industrial terrace
  • Sits on a large site of c. 3.25 acres
  • Office building provides 18,614 sqft of net internal space, across 29 units
  • Majority let to Cumbria Partnership NHS Foundation Trust
  • Fully let, with strong letting history
  • AWULT to expiry of 6.92 years (2.47 years to breaks)
  • Industrial terrace provides 12,041 sqft across 9 units
  • Total area of 30,656 sqft
  • Total annual rental income of £243,374 per annum, representing a low rent of £9.74 psf on the offices and £5.11 on the industrial units
  • Offers in excess of £2,560,000 (STC)
  • Net Initial Yield of 8.94%
  • Est. Reversionary Yield of 9.44%
  • Low Capital Value of £83 psf
Town Workington
Postcode CA14 4HA
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