Bw Estates, Oldmixon Crescent, Weston-super-mare, BS24 9BA

MULTI LET INDUSTRIAL INVESTMENT WITH SIGNIFICANT ASSET MANAGEMENT AND DEVELOPMENT POTENTIAL.


Key Features

- BW Estate and Crown Works are two established and popular industrial estates.

- Located close in one of the south west's principle industrial areas providing easy access to the M5 Motorway.

- Predominantly industrial / warehouse accommodation totalling 95,282 sq ft, also including storage, production, trade, office, and yard areas.

- Let to diverse mix of 55 tenants producing a total net income of £540,497 per annum.

- 30% of the income is secure on traditional FRI leases and let to the excellent covenants of South Somerset Council and BWOC, with the remaining tenant

- The overall site area extends to 6 acres providing a low site coverage of just 36%.

- The estate has always enjoyed consistently high occupancy levels and has been over 97% let during the last decade.

- Significant opportunities to move rents on with the most recent lettings now hitting £10 per sq ft.

- Future re-development potential of the main yard area.

- We are instructed to seek offers over £6,950,000 (Six Million, Nine Hundred and Fifty Thousand Pounds) for the freehold interest reflecting a Net Init


( Agency Pilot Software ref: 111506 )