- Industrial warehouse & business centre investment opportunity, extending to a total of 73,927 sq ft (GIA)
- Located on the well-established Sheepbridge Industrial Estate
- £251,446 pa (69% of rent) secured on the main warehouse unit against the strong covenant of Heraeus Electro-nite (UK) Ltd, guaranteed by Heraeus -Holdings GmBH – 15-year lease (5 yearly TBO) with 13.9 years unexpired
- £113,314 pa (31% of rent) produced by the successful business centre, which has a 10-year average occupancy rate of 92%
- Therefore, a total current rental income of £364,760 per annum, substantially below the current ERV of £412,344
- We are instructed to seek offers in excess of £3,800,000 (Three Million and Eight Hundred Thousand Pounds), which equates to a low capital value of £51.40 psf and a net initial yield of 9.01%, assuming standard purchaser’s costs of 6.52%.
« Back to Investment Sales
