42660 sq. ft (3963.24 m²)
Key features
- Single let industrial investment
- Secure income with fixed rental growth to 2031
Description
The property comprises a single-let industrial unit of steel portal frame construction, arranged across a series of interconnected bays. The principal accommodation includes three large bays rebuilt in 2009, with profiled metal clad roofing, alongside three original bays of similar construction incorporating asbestos sheet roofs. The unit provides a functional and flexible layout suitable for manufacturing, storage and distribution uses.
The warehouse is lit and heated throughout and benefits from level access loading, concrete floors and an eaves height of approximately 4.35 metres. Office accommodation is positioned to the front, predominantly at ground floor level, with additional mezzanine offices within the newer bays.
Externally, the property benefits from tarmac and concrete surfaced yard areas, providing loading, circulation and car parking. Access is via two separate points from the road, supporting efficient operations.
Investment Summary:
Opportunity to acquire a single let industrial investment in a well-established M5 Midlands location
Easy access to Junction 5 (M5) - 3 miles
Extending to 42,659 sqft (3,963 sqm) on a site of approximately 1.97 acres (0.8 ha)
Part rebuilt in 2009. let to Enertech Limited, trading since 1948
Part of the Nibe Industrier AB Group - market cap c$8.25bn
Reversionary lease recently agreed, providing over 5 years term certain
Stepped rental from £230,000 to £290,000 per annum
Full repairing & insuring lease (without schedule of condition)
Freehold
Dual access points and secure yards / parking provision
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