court lane industrial estate, iver, buckinghamshire ... - Capita Symonds

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6 Planning The site is termed as an “opportunity area” in the latest Draft Framework and there is potential to redevelop the estate. The Draft Framework encourages redevelopment for commercial use of the sort that will reduce HGV movement in the surrounding area, especially the villages of Richling Park and Iver. Court Lane Industrial Estate has been in continuous commercial use for over 30 years. The Farmhouse is Grade II listed. Rental Comment The landlord break in 2013 on Court Lane Garages offers the opportunity to increase rental income subject to a landlord payment of £250,000. At the current ERV’s this will increase the achievable rent to in excess of £1,270,000 per annum. Redevelopment Potential Court Lane Industrial Estate has an overall site coverage of only 6.2% and has the potential to be redeveloped to provide a greater density of built accommodation subject to planning. Identified options include: Vacant possession of approximately 3.7 acres at the front of the estate could be obtained by December 2013. This area could be suitable for a development of industrial starter units. The entire site has significant potential for a Data Centre development. Initial enquiries have been made particularly in relation to power supply and connectivity. Further information available on request. Unit 17/18 Unit 1 COURT LANE INDUSTRIAL ESTATE, IVER, BUCKINGHAMSHIRE SLO 9HL VAT The property is elected for VAT and therefore VAT will be payable on the purchase price. It is envisaged that the transaction will be dealt with as a Transfer of a Going Concern (TOGC). Proposal We are instructed to seek offers in excess of £13,200,000, subject to contract and exclusive of VAT. A purchase at this level will reflect a net initial yield of 8%, a reversionary yield of 9.10% and an equivalent yield of 8.60%. Purchasers costs calculated at 5.7625%.
Lease demises for identification purposes only. Unit 11/12 Court Garages Unit 5/7a Unit 6 Unit 1a COURT LANE INDUSTRIAL ESTATE, IVER, BUCKINGHAMSHIRE SLO 9HL
Page 1 and 2: M25 COURT LANE INDUSTRIAL ESTATE, I
Page 3 and 4: CG Photo taken 2007/8 1 17/18 1a 5/
Page 5: Court Garages - Schedule of sub-let

court lane industrial estate, iver, buckinghamshire ... - Capita Symonds

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