Description

• Multi-let Industrial / Office investment in a prominent location within 2.5 miles of Junction 14 of the M6 (via A513).
• Two modern adjacent industrial units extending to 12,691 sq ft (GIA).
• Adjoining modern business centre extending to 18,775 sq ft (GIA) – 15,179 sq ft (NIA).
• Combined accommodation of 31,466 sq ft (GIA).
• Total site area of 1.34 acres.
• The industrial units are let to two, well established tenants on FRI terms.
• The business centre is let to 17 tenants on various licences that include service charge and building insurance.
• Established commercial location, with excellent future potential for rental growth.
• Proven extremely low vacancy levels over many years.
• The business centre income equates to 61% of the total net rent and reflects an extremely low average rent of only £7.40 per sq ft.
• Industrial income equates to 39% of the total rent and reflects a low average rent of only £5.44 per sq ft.
• Total combined net rental of £180,262 pa exclusive.
• Excellent opportunity for value enhancement through asset management.
• Undoubtably reversionary.
• Potentially suitable for Owner Occupier (subject to obtaining vacant possession)