Overview
- Industrial
Description
Location
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 £225,700 per annum exclusive.
Summary
Key points
- The Property comprises multi-let industrial estate comprising 15 units arranged across two facing terraces totalling 23,600 sq ft
- Generates £225,700 per annum reflecting a low, reversionary, average passing rent of £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%.
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Maybrook Road, Maybrook Industrial Estate, Brownhills, Walsall, WS8 7DG
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