Crystal 24

Sandwell Business Park, Oldbury, West Midlands, B66 1QG
Sold
Crystal 24
Sandwell Business Park, Oldbury, West Midlands, B66 1QG
  • A detached chilled distribution warehouse facility providing a gross internal floor area of 130,524 sq ft (12,126 sq m).
  • Well located within the Midlands industrial and distribution heartland.
  • Situated between Junctions 1 & 2 of the M5 motorway proving easy access to the Midlands and national motorway network.
  • 85m deep yard and low site density of approximately 30%.
  • Let to Cadbury UK Limited, with approximately 1 year until lease expiry.
  • A passing rent of £725,000 per annum equating to £5.55 psf.
  • Asset management opportunity to increase rental and capital value.
  • Offers are sought in excess of £7,800,000 (SEVEN MILLION EIGHT HUNDRED THOUSAND POUNDS) subject to contract and exclusive of VAT.
  • A purchase at this level reflects a net initial yield of 8.71% after allowing for standard purchasers cost and a low capital value of £59.76 psf.

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