5768 sq. ft (535.87 m²)
Key features
- Excellent access to the M42 & M6
- Combined Rental Income of £90,000 per annum
- 3.5 Years to Expiry, 1.5 Years to Break
- Kitchenette & W/C's
- Tenant Committed to Site
Description
Arranged over both ground and first floors, the buildings form part of the wider business park, benefitting from private courtyard parking, air conditioning, LED lighting, W/C's, and a kitchenette. Each building offers an open plan layout that meets the needs of the current occupier. All offices are connected directly to each other via underground cabling.
The tenant, Kennet Equipment Leasing Limited, currently occupies all three units on individual leases commencing 25 December 2024 for a term of 5 years, with an option to break in the third year of the term. The current combined passing rent across all three units is £90,000 per annum, with a WAULT to expiry of 3.5 years and WAULT to break of 1.5 years. The tenant has been in occupation of the units since 2016 and has continually renewed their lease, illustrating their dedication to the park.
Unit Name: unit | 1631 sqft | £18.39
Unit Name: unit | 2160 sqft | £13.89
Unit Name: unit | 1977 sqft | £15.17
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