Units 1-5 Cornwall Industrial Estate

Saltley
Sold
Units 1-5 Cornwall Industrial Estate
Saltley
  • Opportunity to acquire a high yielding industrial investment.
  • Located on Adderley Road, Saltley, 3 miles from Birmingham City Centre and approximately 2 miles from Junction 6 of the M6 motorway.
  • 5 units across two terraces of steel portal frame construction, with full height brick elevations.
  • 23,170 sq. ft.
  • The property is let on two occupational leases, Sky Telecommunications Services Ltd and Kevin Eacock T/A EMA Motorsports, generating £31,500 p.a. The remaining three units are let on long leaseholds, at a combined rent of £8,437.48 p.a. equating to 78.5% of the head ground rent.
  • Held by way of two ground leases with 78 years unexpired.
  • The current ground rent payable is £10,750 p.a.
  • Offers in the region of £310,000.00 (Three Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT reflecting a net yield of 9.10% after purchaser’s costs of 3.41% and reflecting a low capital figure of £32.90 psf.

Downloads

Click below to download the sales particulars:

Further Information

If you would like any further information on the above property please get in touch with us.
Get in touch

Subscribe to the MK2 mailing list:

MK2 Real Estate | 4th Floor | One Seven Two Edmund St | Birmingham | B3 2HB
RICS
© MK2 Real Estate 2018. All Rights Reserved. Site by Diablo
usersdownload linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram