FULLY-LET MODERN INDUSTRIAL INVESTMENT OPPORTUNITY IN ESTABLISHED LOCATION
Summary
- Terrace of five modern warehouse/workshop units ranging from 1,000-1,489 sqft
- Fully let to a range of tenants.
- Manageable accommodation each with integral office and W.C facilities.
- Each having front roller shutter loading doors, LED lighting and concrete floors.
- Excellent location on the fringe of Highley in an established mixed commercial and residential area.
Accommodation
The accommodation comprises the following areas:
| Description | sq ft | sq m |
| Unit 1 | 1,489 | 138.33 |
| Unit 2 | 1,005 | 93.37 |
| Unit 3 | 1,000 | 92.90 |
| Unit 4 | 1,005 | 93.37 |
| Unit 5 | 1,496 | 138.98 |
| Total | 5,995 | 556.95 |
Location
The property occupies an excellent location on the fringe of Highley in an established mixed commercial and residential area with convenient access to a range of amenities.
Highley is a rural town located between Bridgnorth and Kidderminster being located on the B4555 and supports a range of national and independent traders.
The town is well connected to the main road network being approximately 8 miles south of Bridgnorth via the B4555 which in turn links to the A442 trunk road, and 12 miles north west of Kidderminster via the B4194.
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Mainline Stations
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Kidderminster140 mins
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Blakedown173 mins
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Hagley192 mins
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Stourbridge Town195 mins
Underground Station
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Reading1751 mins
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Chesham1753 mins
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Amersham1781 mins
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Twyford1795 mins
Further Information
Price Offers in the region of £365,000
Description
The property comprises a terrace of five modern warehouse/workshop units ranging from 1,000-1,489 sqft, and extending in total to approx. 5,995
sqft (556.91 sqm).
The units comprise manageable accommodation each with integral office and W.C facilities having front roller shutter loading doors, LED lighting and concrete floors.
Each unit benefits from forecourt loading and car parking areas with additional overflow parking to the side of the units.
Terms
The property is fully let to a range of tenants who have been in occupation for a long period generating an annual rental income of £26,085 exclusive. In addition, the tenants pay a fixed service charge of £11,563.92 including a contribution from Shropshire County Council for their adjacent property of £4,380.36.
All the tenants are currently ‘holding over’ under the terms of their respective leases which are held on a tenants’ internal repairing basis.
The property offers scope for future rental growth and active management and/or ‘break up’ opportunities.
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