Old Brewery Yard, Crew Hall, Brampton, Cumbria CA8 1UP

Brampton, CA8 1TR

Sold

Price £525,000

Rent (pa) £49,447

Yield 9%

Investment Summary

Attractive and high yielding office/workshop investment
Former brewery converted to office on the edge of the town of Brampton
Total of 13 commercial units let to a variety of tenants with a mix of office, retail and workshop uses
Includes a vacant 3 bedroom house to the front of the property which presents an opportunity to increase the total rental income
Mixture of tenants including Royal Mail Group PLC and Brampton Rural Housing Society
Suites varying from 300 sq ft to 2,500 sq ft
Provides a total area of 15,338 sq ft
Strong letting history. Currently 96% occupied with only a single 552 sq ft suite vacant
AWULT of 2.4 years to expiries, 1.0 years to breaks
The layout of the building would lend itself to residential or holiday accommodation conversion, subject to the appropriate planning permission
Total rent of £49,447 per annum (net of service charge shortfall)
Very low rental rate of £3.40 psf
ERV of £61,352 per annum (£4.00 psf)
Offers in excess of £525,000
Net initial yield of 9.00%
Reversionary yield of 11.15%
Low capital value of £34 psf

Town Brampton

Postcode CA8 1TR

Contact our team for more information or speak directly with Daniel Campbell.