- Prominent industrial investment opportunity situated in a prime West Midlands industrial and logistics location.
- Strategically located site within close proximity to the A38 and M6 motorway, providing unrivalled national connectivity.
- Self-contained, secure single let estate comprising six units extending to 33,153 sq ft.
- Let in its entirety to Hauck Heat Treatment Ltd with a total headline rent of £161,221 per annum reflecting a low average rent of £4.86 per sq ft.
- WAULT of 4.19 years to lease expiry providing future asset management opportunities.
We are instructed to seek offers in excess of £1,900,000 (One Million Nine Hundred Thousand Pounds) subject to contract, which reflects a net initial yield of 8.00% after allowing for purchaser’s costs of 6.25%. A purchase at this level would show a low capital value of £57 per sq. ft.