£9.370.000
Confirmation
Warehouse buildings refurbished to a high quality
Property Details
Broker
Under offer
22,941 sq.ft.
2,131 m²Leasable area
408 £/sq.ft.
4,397 £/m²7.50 %
6
Freehold
Fees
Investment Overview
Property incorporates three uniquely distinctive warehouse buildings refurbished to a high quality, set around a central courtyard on a 0.6 acre campus; The subject property totals 22,941 sq ft (2,131 sq m) of office and retail accommodation across three distinctive warehouse buildings. The estate further benefits from a central courtyard, providing a unique amenity for the estate’s occupiers and customers. Multi-let to 6 tenants. 10,825 sq ft of recently refurbished Cat A office space available. Total rent passing of £425,395 per annum £35.11 (weighted across the let accommodation) with an ERV on the vacant element of £351,813 per annum (£32.50psf); Weighted average unexpired lease term (WAULT) of 3.08 years to expiry.
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