Multi-let industrial investment

Located in an established industrial area between Kidderminster & Droitwich. Multi let industrial estate extending in total to 160,781 sqft. Currently 28 units ranging from 605 sqft to 41,432 sqft. 1.6 acres of development land with planning permission for industrial development. Overall site of 14.60 acres. Estate is 90% let. Weighted average length of occupancy of existing tenants is over 17 years. WAULT of 2.52 years to expiries and 2.15 years to breaks. Combined rent of £794,990 per annum. ERV - £1,065,000 per annum, an increase of just under 35%, based on latest lettings on estate. Short term landlord asset management opportunities over the next 18 months on 66% of the current income.