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Unit 1, Ionic Park, Birmingham New Road, Dudley, DY1 4SR
11,255 Sq Ft / Industrial
Withdrawn - Last updated: 21 June 2021
Opportunity to acquire a single let 11,255 sq ft (GIA), highly
prominent trade park unit in an established trade location north of
BirminghamSingle let to Magnet Limited, the UKs largest
kitchen specialist for a term of 20 years expiring in October 2025 at a
headline rent of 88,000 p.a. equating to 7.82 per sq ft.100% of the income secured for a further 9.0 years to a national covenant with a low risk of business failureLong Leasehold0.25 acre site, which equates to a site cover of 100%We
are instructed to seek offers in excess of 1,146,000 (One Million One
Hundred and Forty Six Thousand Pounds) subject to contract and exclusive
of VAT. This reflects a net initial yield of 7.25%, assuming
purchasers costs of 5.88%.
Location
Unit 1, Ionic Park, Birmingham New Road, Dudley, DY1 4SR, West Midlands, Europe
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