Multi Let Industrial Estate Investment
Summary
- High Spec 2024 Development
- Six Self-Contained Units
- Total GIA 22,794 sqft (2,118 sqm)
- Gross Income £230,268
- Secured Fenced & Gated Site
- Freehold
Location
Buntsford Business Centre is a brand new development located on Buntsford Gate to the south east of Bromsgrove Town Centre with convenient access to the M5 motorway at Wychbold (Junction 5) approximately 4 miles to the south or at Lydiate Ash (Junction 4) approximately 5 miles to the north. Access can also be gained to Junction 1 of the M42 via the A38, approximately 3 miles to the north.
Get directions from Google Maps
Mainline Stations
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Bromsgrove19 mins
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Barnt Green86 mins
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Alvechurch91 mins
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Droitwich Spa97 mins
Underground Station
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Chesham1445 mins
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Reading1455 mins
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Amersham1473 mins
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Twyford1495 mins
Further Information
Price £3,400,000
Rates Payable Upon Enquiry
Description
Buntsford Business Centre is a virtually brand new development of six self-contained Light Industrial Units constructed to a high standard throughout.
The Properties are constructed in two opposing terraces within a fenced and gated development. Each unit benefits from a lofty eaves height of approximately 23'4" (7.13m) with male and female WC’s, shower, kitchenette and LED lighting.
The Units have the following Gross Internal Areas:
Unit 1 - 6,295 sqft
Unit 2 - 4,160 sqft
Unit 3 - 2,120 sqft
Unit 4 - 4,202 sqft
Unit 5 - 2,120 sqft
Unit 6 - 2,110 sqft plus mezz 1,787 sqft. Total 3,897 sqft
The total Gross Internal Area (GIA) is 22,794 sqft (2,118 sqm)
Repairing Obligations
All leases are on FRI terms.
Tenure
Freehold - subject to the below tenancies.
Proposal
We are instructed to seek offers of £3,400,000 (plus VAT) subject to contract, which equates to a Gross Yield of circa 6.77% excluding costs. This equates to an overall capital value of £149 per square foot.
For the sake of completeness the sale will include the Estate Road.
Rateable Value
Unit 1 - £39,250
Unit 2 - £28,000
Unit 3 - £120,000 (VOA error - this is being appealed)
Unit 4 - £28,500
Unit 5 - £15,250
Unit 6 - £30,250
Services
All mains services, save for gas, are connected.
Legal Fees
Each party to bear their own legal fees.
Tenancy Schedule
Unit 1 - Let to VIN-X Ltd for 5 years from 14 May 2024 at £66,118.50pa.
Unit 2 - Let to Architectural Wallz (Ltd) Ltd for 5 years from 28 March 2024 at £43,669.50pa. Tenant Break Option 28/3/2028.
Unit 3 - Let to Ortlinghaus UK Ltd from 22nd July 2024 for 5 years at £22,722pa. Tenant Break Option 22/7/2027.
Unit 4 - Let to Euro-Cut Abrasives (G.B) Ltd from 1st November 2024 for 5 years at £44,058pa. Tenant Break Option 1/11/2027.
Unit 5 - Let to Lumina Innovations Ltd from 1 May on 5 year term at £23,5000pa with a Tenant Break Option at the 3rd anniversary at £23,500pa.
Unit 6 - Let to Elite Oils Ltd for 5 years from 1st January 2025 at £30,200pa. Tenant Break Option 1/1/2028.
EPC
Unit 1 - Band C (61)
Unit 2 - Band C (64)
Unit 3 - Band C (75)
Unit 4 - Band C (64)
Unit 5 - Band C (73)
Unit 6 - Band C (73)
Downloads
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