Property description
Opportunity to acquire a high yielding multi-let industrial warehouse investment with adjoining two storey office and a large, secure concrete surfaced yard. Strong urban location with quick access to the M58 and M57 motorways.
Comprising 60,249 sq ft across 4 industrial warehouse units and a two-storey office building. The property is fully let to 4 tenants (79% income to low-risk covenants) producing a reversionary net income of £280,546 per annum and a net ERV of £334,208 per annum.
The purchase price of £2.93M reflects a net initial yield of 9.00%, a reversionary yield of 10.71% and a low capital value of £48.63 per sq ft.
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