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.
Interior
Interior
