Multi-let Trade Park Investment

Prominent location on Penarth Road which is a busy arterial road and prime mixed use commercial location. 10 units arranged across a terrace of trade/light industrial units (3A to 10 inclusive) and a pair of semi-detached units (1&2), totalling 73,356 sq ft gross internal areas (GIA). The units are of steel portal frame construction with part brick/block and profiled steel elevations under, pitched asbestos roofs (mostly overclad with profile steel or treated). Internally the units are configured dependent on the use. The estate is let to 5 tenants with a long weighted average unexpired lease term of 13.9 years to breaks and c 15.3 years to lease expiry. The property produces a total marketing income of £474,144 per annum which reflects a low average rent of £6.46 per sq ft overall.