Ikon Trading Estate
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Ikon Trading Estate
8 Properties Offered at £9,200,000 in Hartlebury
Investment Highlights
- Located in an established industrial area between Kidderminster & Droitwich
- Multi let industrial estate extending in total to 160,781 sqft
- Combined rent of £794,990 per annum
- ½ mile from Hartlebury Trading Estate
- WAULT of 2.52 years to expiries and 2.15 years to breaks
- Offers in excess of £9,200,000
Executive Summary
Offers are sought in excess of £9,200,000 (Nine Million Two Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this price would reflect a net initial yield of 8.28% on the current income, allowing £200,000 for the 1.6 acres of development land. Based on our ERVs there is a reversion to 11.1% based solely on the existing accommodation. A purchase at this level shows a capital value of only £56 per sqft for the existing units.
Property Facts
| Price | £9,200,000 | Number of Properties | 8 |
| Price / SF | £48.24 / SF | Individually For Sale | 0 |
| Net Initial Yield | 8.28% | Total Building Size | 190,719 SF |
| Sale Type | Investment | Tenure | Freehold |
| Status | Active | Total Land Area | 57.74 AC |
| Price | £9,200,000 |
| Price / SF | £48.24 / SF |
| Net Initial Yield | 8.28% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 190,719 SF |
| Tenure | Freehold |
| Total Land Area | 57.74 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Ikon Trading Estate
Droitwich Rd, Hartlebury DY10 4EU |
Industrial | 50,194 SF | 2006 | - |
| Droitwich Rd, Hartlebury DY10 4EU | Industrial | 5,389 SF | 1995 | - |
| Droitwich Rd, Hartlebury DY10 4EU | Industrial | 6,657 SF | 1988 | - |
|
Gatehouse
Droitwich Rd, Hartlebury DY10 4EU |
Office | 3,364 SF | 1984 | - |
| Droitwich Rd, Hartlebury DY10 4EU | Office | 24,639 SF | 2024 | - |
| Kidderminster Rd, Hartlebury DY10 4EU | Industrial | 33,341 SF | 1980 | - |
|
Ikon 229
229 Droitwich Rd, Hartlebury DY10 4EU |
Industrial | 47,106 SF | 1940 | - |
| Droitwich Rd, Hartlebury DY10 4EU | Industrial | 20,029 SF | 1976 | - |
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Ikon Trading Estate
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