*️⃣ Long Leasehold Single Let Industrial & Warehouse investment opportunity
*️⃣ 1,954 sq ft (181.55 sq m)
*️⃣ Let on a full repairing and insuring lease for a term in expiring 29th Nov 2028.
*️⃣ Low Passing Rental £17,500 per annum exclusive, equating to just £8.95 per sq ft.
*️⃣ ERV is now £20,000+ per annum exclusive
*️⃣ Tenant is relocating so opportunity to obtain vacant possession and realise the reversion sooner.
*️⃣ Offers in excess of £250,000 (Two Hundred & Fifty Thousand Pounds) are invited, subject to contract.
*️⃣ VAT not payable.
*️⃣ A purchase at this level reflects a net initial yield of 6.84% assuming purchaser’s costs at 2.30%, and a potential reversionary yield of 7.82%
Location
The site and premises are situated on ‘Ash Court’ forming part of the ‘Sandwell Business Park’ on Crystal Drive between Smethwick and Oldbury, in an established commercial location attractive to small & medium sized businesses.
Crystal Drive enjoys direct access on to Spon Lane South and the A457 Birmingham Road/Oldbury Road dual carriageway which in turn links to Junction 2 of the M5 Motorway to the west (2.5 miles) or Junction 1 of the M5 Motorway to the north east (2 miles).
The estate is located about 5 miles to the north west of Birmingham City Centre and about 4 miles to the east of Dudley Town Centre.
Accommodation
The property comprises of a self-contained end of terrace unit of steel frame construction with brick and block work elevations, re-enforced concrete floor, beneath a mono-pitch roof with insulated profile steel sheet covering incorporating translucent light panels.
Access is via either a pedestrian door or the main roller shutter door (3m x 3m). Internally the warehouse benefits from strip fluorescent lighting and a gas fired blower heater.
Additionally, there is a fitted office which has a suspended ceiling incorporating recessed lighting, and wall mounted air conditioning. Separately there is a small kitchenette area and both male and female toilet facilities to the rear of the property.
To the front of the premises is a tarmacadam surfaced parking and loading area.
Metered 3 phase electricity, gas, water, and drainage are all connected to the premises.
The agent has not tested any apparatus, equipment, fixtures, fittings, or services and so cannot verify they are in working order or fit for their purpose.
Terms
Offers in excess of £250,000 (Two Hundred & Fifty Thousand Pounds) are invited, subject to contract.
VAT not payable.
A purchase at this level reflects a net initial yield of 6.84% assuming purchaser’s costs at 2.30%, and a potential reversionary yield of 7.82%