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For Sale by Auction on 30th March 2023, Industrial / Warehouse Investment, Units 6, 7 & 8 Cleveland Street Industrial Estate, 300 Cleveland Street, Birkenhead, CH41 4JN

910 to 3,759 Sq Ft / Industrial / Investment

Withdrawn - Last updated: 30 November 2023

For Sale by Auction on 30th March 2023

The site was a former local authority depot and has been converted to starter industrial units over a site area of approximately 0.7 acres. This is a popular industrial estate and it is configured to provide 12 commercial light industrial units and 5 lock up yards of between 400 - 1,700 sq ft (37.16 sq m - 157.93 sq m). Unit 6 is 910 sq ft (84.54 sq m), Unit 7 is 1,159 sq ft (107.67 sq m) and Unit 8 is 1,690 sq ft (157 sq m).

The estate is accessed directly from Cleveland Street. The units comprise single storey brick built light industrial buildings accessed by either roller shutter door or pedestrian gate from the front of the property and were recently refurbished. Internally the units provide open plan accommodation with the benefit of a separate office area and toilet facilities. The estate is subject to a small service charge (payable by the occupational tenants) to ensure ongoing good estate management.

Why industrial property is a good investment.

  1. Industrial property generally has a higher return than other commercial or residential properties.
  2. There is strong/growing tenant demand for industrial properties.
  3. Projected capital appreciation for the foreseeable future.
  4. Longer lease periods than residential (min 5 years to break).
  5. Rent has fixed RPI increases.
  6. Tenants pay outgoings (business rates, insurance service charge etc).
  7. These units are very easily let. Little void with strong local tenant demand.

Location

Birkenhead is a town in the Metropolitan Borough of Wirral. It is on the Wirral Peninsula, along the south bank of the River Mersey, opposite the city of Liverpool. The area is dominated with well-established industrial and commercial uses and is accessed from the west via the M53 motorway linking with the A15139 and the A554 and from the east via the Queensway Tunnel. The area is set to benefit from significant financial investment through the creation of the Wirral Waters Masterplan tasked to create a mixed-use, high-density, highly sustainable project that will elevate and regenerate the area to the benefit of its existing community. The final of the Eurovision Song Contest 2023 will take place in the Liverpool Arena next to the River Mersey on Saturday 13 May. 

Accessed directly from Cleveland Street in a predominantly industrial/commercial area of Birkenhead just 1 mile north of the Town Centre. The property is surrounded by similar type tenants with numerous scrap/salvage yards, vehicle repair/MOT centres, tyre suppliers in close proximity.

Accommodation

Unit 6 - 910 sq ft (84.54 sq m)

Unit 7 - 1,159 sq ft (107.67 sq m)

Unit 8 - 1,690 sq ft (157 sq m)

Terms

Tenancy - There are x 3 tenants

Unit 6 - Mr J Timperley see T/A The Man & Van Guys . For further information: The Man & Van Guys - REMOVAL COMPANY

Unit 7 - Mr C Glover & Birkenhead Mushin-Ryu Martial Arts Ltd. For further information: Facebook page.  - MARTIAL ARTS AND FITNESS CENTRE

Unit 8 - Environcall Limited (Reg No. 02290784) - ASBESTOS SPECIALISTS - as at 28/02/2022 showed fixed assets of £490,450 and Shareholders' Funds of £607,661 For further information: WWW.ENVIROCALL.CO.UK  Envirocall have been established in the Asbestos business for 32 years.

Tenure - Freehold

Guide Price - £350,000

Specification

  • Freehold industrial/warehouse investment
  • Three adjoining units/tenants within established industrial estate
  • All let on new 10 year Full Repairing & Insuring (FRI) leases with RPI linked rent reviews
  • 3 yearly rent reviews to RPI (break in year 5, subject to 12 months prior written notice)
  • Of interest to investors
  • Inflation linked income stream
  • No VAT on sale
  • Currently producing £39,000 per annum excl. of business rates, repairs, insurance & maintenance


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