3 Kelsey Close | Nuneaton CV11 6RS
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3 Kelsey Close
Nuneaton CV11 6RS
The Quadrant · Industrial Property For Sale · 16,231 SF Total
Investment Highlights
- Multi-let industrial investment
- 4 industrial units ranging in size from 3,090 sq ft to 6,707 sq ft, totalling 16,231 sq ft.
- Freehold title with a site area of approx. 0.80 acres.
- Strategically located within the established Attleborough Fields Industrial Estate.
- Fully let on 3 new tenancies, producing a total income of £146,910 per annum – low average rent of £9.05 per sq ft.
Executive Summary
The property comprises industrial warehouse premises within a small quadrant of similar type properties fronting onto a spacious central yard. The unit is of steel portal frame construction with part brick-built construction and part lined profile sheeting with a minimum eaves height of 5.63m rising to 8.55m at the pitch. The units were recently refurbished.
The property is let in accordance with the tenancy schedule set out below producing a current income of £146,910 per annum.
TENANCY NOTES
¦ All leases are outside the Act.
¦ Tenant break options require 6 months prior notice.
¦ Rental deposits equivalent to 3 month rent from all tenants.
¦ Unit 4 lease guaranteed by Spartan MF Ltd.
¦ Any outstanding rent free period to be topped up by the vendor
The property is let in accordance with the tenancy schedule set out below producing a current income of £146,910 per annum.
TENANCY NOTES
¦ All leases are outside the Act.
¦ Tenant break options require 6 months prior notice.
¦ Rental deposits equivalent to 3 month rent from all tenants.
¦ Unit 4 lease guaranteed by Spartan MF Ltd.
¦ Any outstanding rent free period to be topped up by the vendor
PROPERTY FACTS
| Price / SF | £126.30 / SF | Number of Properties | 2 |
| Net Initial Yield | 6.75% | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 16,231 SF |
| Status | Active | Total Land Area | 1.60 AC |
| Price / SF | £126.30 / SF |
| Net Initial Yield | 6.75% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 16,231 SF |
| Total Land Area | 1.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3 Kelsey Close, Nuneaton CV11 6RS | Industrial | 9,524 SF | 1988 | - |
| 3 Kelsey Close, Nuneaton CV11 6RS | Industrial | 6,707 SF | 1970 | - |
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