Documents
Attributes
Tenure Type | Leasehold |
Building Area |
|
Property Description
Strategically located, industrial warehouse facility totaling 9,353 sq m (100,674 sq ft).
Investment Highlights
- Prime industrial location, 3 miles north of Birmingham city centre with excellent transport communications and employment demographics
- Situated on the established Holford Industrial Park within 1.5 miles of Junction 6 of the M6 motorway
- Let on a new 25 year lease to Vertigrow Technology Limited from 1 October 2019
- A low initial rent of £450,000 per annum (£4.50 per sq ft) subject to 5 yearly open market rent reviews
- The property benefits from a 4 megawatt power supply
- Reversionary rental with an ERV of £503,370 per annum (£5.00 per sq ft)
- Long leasehold - 999 years from 20th February 1995 at a peppercorn rental
- We are instructed to seek offers in excess of £5,900,000, subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.14%, a reversionary yield of 8.00% and an overall equivalent yield of 7.77% assuming standard purchasers’ costs. A purchase at this price would reflect a low capital value of £58.60 per sq ft which we believe is less than the vacant possession value.


Interested in this property?
Please fill out the form below.
Similar Properties
View more
Industrial & Logistics
Heartbeat, Redditch
UK - Redditch
Industrial & Logistics
Gemini West Business Park, 15D Europa Boulevard, Warrington, WA5 7WH
UK - Warrington
Industrial & Logistics
Independence Logistics Park
US - La Porte, TX
Industrial & Logistics
Port of Houston Class A Industrial Portfolio
US - Deer Park - Pasadena, TX
Industrial & Logistics
Houston Infill Industrial Portfolio
US - Houston, TX
Industrial & Logistics
278 Orchards Road, Richlands
AU - Richlands
Industrial & Logistics
Produktionsimmobilie mit weitläufiger Grundstücksreserve an der A7 (WÜ-Fulda)
DE - Elfershausen
Industrial & Logistics
Development property near Wuerzburg for sale
DE - Tauberbischofsheim
Industrial & Logistics
12 Ang Mo Kio St 64
SG - Singapore
Industrial & Logistics
North Houston Logistics Center
US - Houston, TX
Industrial & Logistics
Gibbs International - Süßen
DE - Suessen
Industrial & Logistics
SMITHFIELD, McCredie Road 132
AU - Smithfield
Industrial & Logistics
Nilai Warehouse & Manufacturing
Malaysia - Nilai
Industrial & Logistics
9 Joo Koon Circle
SG - Singapore
Industrial & Logistics
28-46 Bald Hill Road, Pakenham
AU - Pakenham
Industrial & Logistics
169 Princes Highway, Bairnsdale
AU - Bairnsdale
Industrial & Logistics
3333 Holly Hall
US - Houston, TX
Industrial & Logistics
IDEMIA - Exton, PA
US - Exton, PA
Industrial & Logistics
Office and Warehouse on Motorway Road
Thailand - Bangkok
Industrial & Logistics
800 S. Faudree Road
US - Odessa, TX
Industrial & Logistics
1220 S. Faudree Road
US - Odessa, TX
Industrial & Logistics
302 Progress Road
US - Auburndale, FL
Industrial & Logistics
United Rentals - Forest Park, GA
US - Forest Park, GA
Industrial & Logistics
Iron Mountain - San Antonio BT1-HFF-120623
US - San Antonio, TX
Industrial & Logistics
152 Ubi Ave 4
SG - Singapore
Industrial & Logistics
Multi-Tenant Corporate Property - Geretsried
DE - Geretsried
Industrial & Logistics
3101 W Military Hwy
US - McAllen, TX
Industrial & Logistics
6200 & 6220 SW 29th
US - Oklahoma City, OK