Property:
A new office development on Oakhurst Drive, Cheadle
(near Stockport), located within the main business
district.
Totalling 36,000 square feet of office space with good
car parking. The space was pre-let to Thales Plc on a
15 year lease. The passing rent is £531,000 per
annum, subject to a fixed uplift at the first review in
2009 to £599,400.
Case Studies
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)
Bird Hall Lane, Cheadle
Summary:
Gross Purchase Price (Sep 03):
£7,903,000
Sale Price (Sep 06):
£9,400,000
Rental Income:
£531,000
Projected IRR:
15%
Actual IRR:
25%
Gross Profit:
£1,776,138
)
Property:
A new retail warehouse development on Carmarthen
Road, Swansea. Located on one of the main arterial
routes and close to many other retailers.
Totalling 60,000 square feet the property was pre-let
to Wickes on a new 25 year lease at a rental of
£663,000 per annum.
Summary:
Gross Purchase Price (Mar 04):
£10,400,000
Sale Price (Mar 07):
£12,670,000
Rental Income:
£663,000
Projected IRR:
15%
Actual IRR:
35%
Gross Profit:
£2,270,000
Carmarthen Road, Swansea
