Part let industrial & metal recycling investment opportunity producing £400,000 per annum exclusive.
We are inviting offers in excess of £4,000,000 (Four million pounds). Reflecting a Net Initial Yield of 9.39% assuming purchasers costs of 6.54%. A purchase as this level reflects a low capital value of £33.33 per sq ft. Reversionary yield of 12.67% assuming the ERV of £4.50 per sq ft.
The guide price is £2,500,000 reflecting a low capital value of £43.64 per sq ft.
Plot 1 comprises a single let industrial site of 120,000 sq ft sitting on circa 8 acres.
There are five buildings on site; two main buildings which provide interconnected open plan manufacturing and storage space with high bays. The other buildings provide further storage space, along with a two storey office block.
Plot 2 is an extensive industrial complex which has been used as a metal recycling facility for over 30 years.
Comprises three industrial buildings which each benefit from steel portal frame construction under a mix of flat sheet and pitched roofs.