Excellent opportunity to acquire a comprehensively refurbished multi-let industrial estate
Comprising 71,004 sq ft across 56 industrial units (155 sq ft – 12,002 sq ft)
Significant 11.87 acre site, providing an extremely low site cover of just 14%
Fully let to 55 tenants with 100% occupancy since completion of refurbishment
Net passing rent of £569,962 pa (£7.12 psf on the built units)
Net ERV of £684,675 pa
The units are let on flexible lease terms, offering the immediate opportunity to capture reversion
Opportunity to add significant value through creating new units which would provide a new gross rent of over £1.15m
Diverse spread of income with no single tenant accounting for more than 8.6% of the total rent
Freehold
We are instructed to seek offers in excess of £8,000,000 (Eight Million Pounds), subject to contract and exclusive of VAT
Net Iniital Yield of 6.63% (assuming purchaser's costs at 7.52%) and reversionary yield of 7.96%
