Marketed by
Burley Browne
Sutton Coldfield
Mitre Court, 38 Lichfield Rd, The Royal Town of Sutton Coldfield, Birmingham, Sutton Coldfield B74 2LZ, UK
Available
1 of 10
1 of 1
Guide Price
£3,250,000
Maybrook Industrial Estate, Maybrook Road, Brownhills, Walsall, West Midlands, WS8 7DG
23600 sq. ft (2192.51 m²)
Key features
- The Property comprises multi-let industrial estate comprising 15 units arranged across two facing terraces totalling 23,600 sq ft
- Generates ï½£225,700 per annum reflecting a low, reversionary, average passing rent of ï½£9.46 per sq ft
- Property benefits from a WAULT of 1.3 years to break and 2.9 years to expiry
- Rare freehold opportunity subject to the occupational leases, 5 units have been sold off Long Leasehold
- Site totals 2.10 acres reflecting a low site cover of 38%
- A purchase at asking reflects a net initial yield of 6.52% assuming standard purchaser's costs of 6.52%.
Description
The subject property offers a rare opportunity to acquire the freehold investment of the Maybrook Industrial Estate on Maybrook Road in Brownhills. The industrial estate extends to a total of units and boasts full occupation. The current passing rent is ï½£225,700 per annum exclusive.
Reference: 8079_sales
Marketed by
Burley Browne
Sutton Coldfield
Mitre Court, 38 Lichfield Rd, The Royal Town of Sutton Coldfield, Birmingham, Sutton Coldfield B74 2LZ, UK
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