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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.

Attachments

Brochure

Property Facts

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
  • Listing ID: 33038425

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: Walter Nash Rd W, Kidderminster DY11 7QY

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