Property description
Opportunity to acquire a high yielding multi-let industrial investment situated in an excellent industrial location.
The property comprises 12 units (including 1 sold LL) extending to 67,149 sq ft with individual unit sizes ranging from 3,048 sq ft to 12,790 sq ft.
The property has a low passing rent of £324,588 per annum (£4.83 per sq ft) with excellent scope for reversion, with an ERV of £407,646 per annum (£6.07 per sq ft).
The purchase price of £3,695,000 reflects a NIY of 8.25%, reversionary yield of 10.36% and a low capital value of £55.05 per sq ft
