22 Mariner and 1 Gerard Way

Lichfield Road Industrial Estate, Tamworth, B79 7UL22 7UL
Sold
22 Mariner and 1 Gerard Way
Lichfield Road Industrial Estate, Tamworth, B79 7UL22 7UL

We are jointly instructed to market this rare high yielding industrial investment. An opportunity to acquire a high yielding industrial investment with the ability to realise rental and capital growth in approximately 18 months, salient details as follows;

  • A single let industrial facility situated on Lichfield Road Industrial Estate, one of Tamworth’s premier industrial estates.
  • Well located close to Junction 10 of the M42 and M6 Toll Motorways.
  • Two self-contained warehouse facilities extending to a total of 29,858 sq ft.
  • Let in its entirety to Precision Technologies International Ltd.
  • A low passing rent of £135,000 per annum reflecting £4.52 per sq ft overall.
  • Highly reversion to a higher rental with market rents achieved of £6.75 per sq.ft.

We are instructed to seek offers in excess of £1,210,000 (One Million Two Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect an attractive Net Initial Yield of 10.53% and a low capital value of £40.53 per sq ft. At the quoting price this would reflect a Reversionary Yield of 12.85%.

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