£21.165.000
Confirmation
Newly built multi-let trade counter / industrial estate
England, United Kingdom
Industrial
#12968
Core
17 Jul 2024
Property Details
Broker
Deactivated
124,487 sq.ft.
11,565 m²Leasable area
170.02 £/sq.ft.
1,830 £/m²4.50 %
Freehold
7
Fees
Investment Overview
Highly sought-after location, reflected by the outstanding tenant line up. Comprising 124,487 sq ft across 13 well-specified units, built to a Grade A standard. Built to a high specification including 8-10m eaves, generous concrete yards and parking areas, and electric roller shutter doors. Let to 7 tenants (83% occupancy) - 3 units currently vacant but with excellent interest. Passing rent of £1,016,673 per annum (£6.75 to £10.50 per sq ft) of which 23% is subject to uncapped RPI rent reviews. Conservative ERV of £1,129,741 per annum (£8.25 to £10.50 per sq ft). Weighted Average Unexpired Lease Term (WAULT) of 13.57 years to expiry and 9.74 years to break. Total site area of approximately 6.66 acres providing a low site density of 43%.. Freehold. Seeking offers in excess of £21,165,000 subject to contract and exclusive of VAT.
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