Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key facts

Property Reference Number 100032229686
Building Area Gross

Property description

The building forms warehouse and office accommodation and was originally

constructed in 1996 then later extended in 2002. The extension to the north west

elevation included the addition of 4 dock level loading doors and 1 level access loading

door.


The specification for the building is as follows:


  • Twin bays formed with a steel portal frame with profiled metal sheet clad elevations
  • 8m height to haunch
  • 8 level loading doors
  • 4 dock level loading doors
  • Two storey air-conditioned offices with reception and passenger lift
  • Additional two storey office blocks are provided within the warehouse adjacent to the plant room and in the extended element of the warehouse
  • 2 canopies on the south west (140m length) and north east (81m length) elevations
  • Sprinkler system
  • Heating and high bay lighting throughout

Investment highlights

  • Excellent opportunity to acquire a modern warehouse facility situated in the heart of the 'Midlands Engine’.
  • Strategically located adjacent to Junction 1 of the M54 and 2.2 miles from Junction 11 of the M6.
  • Gross Internal Floor Area extending to 143,279 sq ft (13,311 sq m).
  • Freehold site extending to 10.85 acres providing a very low site density of 29%.
  • Occupied by Mann + Hummel (UK) Limited by virtue of a short term leaseback for a period of 18 months.
  • The passing rent will be £788,000 per annum (£5.50 psf).


We are instructed to seek offers in excess of £10,800,000 (Ten Million, Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive net initial yield of 6.76% after assuming purchasers costs of 7.80%.


The price reflects a low capital value of £75.38 psf.

Last Updated Date: 30 Sep 2021
Allan Wilson
Allan Wilson
Director - Capital Markets
Ben Voss-Wood
Associate - Capital Markets

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Last Updated Date: 30 Sep 2021

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