Multi-let industrial investment

Very rare opportunity to acquire a modern, reversionary, multi-let estate in the South East. Camberley is an established urban industrial market that benefits from excellent connectivity to the M3, M4 and M25 Motorways. Stanhope Road provides direct access to the A331, which in turn adjoins Junction 4 of the M3, only 1.1 miles to the south. The estate comprises 9 units with unit sizes ranging from 4,616 sq ft to 43,115 sq ft offering an ability to satisfy a wide range of occupational requirements. Total floor area of 108,617 sq ft GEA. 100% of the estate is let to 7 tenants on 9 leases. Estate provides an attractive WAULT to Break of 7.13 years and WAULT to Expiry of 7.56 years. Marketing rent of £1,471,005 pa, reflecting a low rent per sq ft of £13.54. c.23% of the current income is subject to an OMV rent review or lease expiry within the next 24 months, providing opportunity to access reversion. Latest letting on the estate recently completed at £16.00 per sq ft on Unit 9. Prime rents achieved in Camberley are now £20.00 psf. Site extends to 5.33 acres, providing a low site cover of 41.5%.