Great Western Clos - Warehouse FOR SALE


Birmingham, WMD B18 4QF
$900,000 USD
779-865-6360
Great Western Clos, Birmingham, WMD for Sale
$900,000 USD
Warehouse - FOR SALE
1/3
null | 8.14% Cap Rate

Great Western Clos
Birmingham, WMD B18 4QF


HIGHLIGHTS

  • Reversionary multi let industrial estate investment located under 3 miles from Birmingham city centre.
  • The site is 0.24 hectares (0.59 acres).
  • Fully let on “Easi Lease” agreements
  • Capital value of just under £90 per sqft
  • Self contained and secure estate

OVERVIEW

The property comprises a terrace of six high specification industrial units built in 2006. The accommodation extends overall to 934.6 sqm (10,060 sq ft). We are instructed to seek offers in excess of £900,000 (Nine Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this price reflects a net initial yield, off the current net rent of 8.14%, assuming costs of purchase of 5.67%. The reversionary yield based on a conservative ERV is 8.67%. Capital value of just under £90 per sq ft.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

8.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2006

UTILITIES

Lighting - Fluorescent

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

6

PARKING SPACES

12

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

MM52322,WM575478,WM908102

ASK ABOUT THIS PROPERTY

Andy PriceAP InvestmentMore Info
779-865-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Andy PriceAP InvestmentMore Info
779-865-6360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.