Coppice Trading Estate | Walter Nash Rd W
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Coppice Trading Estate Walter Nash Rd W
35,902 SF 100% Leased Industrial Building Kidderminster DY11 7QY £2,100,000 (£58/SF) 3.45% Net Initial Yield
Investment Highlights
- Four industrial buildings (with Units 3 & 4 being combined to offer one unit)
- All EPCs are rated as E.
- Parking / Yard Area
Executive Summary
Unit 1 – Nicol Transmission (UK) Ltd – 7,615 sq ft / 707.08 sq m @ £33,000 p/a – £4.33 p sq ft
Lease expiry within 2 years
Unit 2 – Vacant – 8,356 sq ft / 776.70 sq m – Vacant
Units 3&4 – True Line Expanded Products Ltd – 19,931 sq ft / 1,852.35 sq m @ £60,000 p/a – £3.01 per sq ft – Holding Over
Total – 35,902 sq ft / 3,336.13 sq m @ £93,000 p/a – £3.38 per sq ft
The above represents an initial yield of 2.90%. There is a strong reversionary potential with the two occupied units being under rented and the vacant unit being in a marketable condition.
Lease expiry within 2 years
Unit 2 – Vacant – 8,356 sq ft / 776.70 sq m – Vacant
Units 3&4 – True Line Expanded Products Ltd – 19,931 sq ft / 1,852.35 sq m @ £60,000 p/a – £3.01 per sq ft – Holding Over
Total – 35,902 sq ft / 3,336.13 sq m @ £93,000 p/a – £3.38 per sq ft
The above represents an initial yield of 2.90%. There is a strong reversionary potential with the two occupied units being under rented and the vacant unit being in a marketable condition.
Property Facts
Price | £2,100,000 | Property Subtype | Warehouse |
Price Per SF | £58 | Building Class | C |
Sale Type | Investment | Rentable Building Area | 35,902 SF |
Net Initial Yield | 3.45% | Number of Floors | 2 |
Tenure | Long Leasehold | Year Built | 1978 |
Property Type | Industrial |
Price | £2,100,000 |
Price Per SF | £58 |
Sale Type | Investment |
Net Initial Yield | 3.45% |
Tenure | Long Leasehold |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | C |
Rentable Building Area | 35,902 SF |
Number of Floors | 2 |
Year Built | 1978 |
Amenities
- Yard
- EPC - B
- Roller Shutters
- Storage Space
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
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Coppice Trading Estate | Walter Nash Rd W
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