239,568 sq ft (22,255.87 sq m)
For Sale £17,000,000
Comprising 239,568 sq ft across 4 mid-box industrial units
On a site of 13.29 acres
About property
Revisionary multi-let industrial investment opportunity.
Comprising 239,568 sq ft across 4 mid-box industrial units, on a site of 13.29 acres.
Fully let to 4 tenants all rated 'Low' or 'Very Low Risk' by CreditSafe, with c.70% of the income secured against covenants considered 'Very Low Risk'.
Low passing rent of £1,265,856 per annum reflecting an average of £5.28 psf, against a reversionary rent of £1,506,851 per annum / £6.29 psf.
Freehold - Offers in excess of £17,000,000, which reflects a Net Initial Yield of 7.00% and a Reversionary Yield of 8.30%, after deducting purchasers costs of 6.74%.