- Opportunity to acquire a well-positioned, single let, self-contained modern warehouse and office investment on an established business park.
- Located in Aldridge, West Midlands approximately 5.5 miles from Junction 10 of the M6, 5 miles from T6 of the M6 Toll and 11 miles to the north of Birmingham City Centre,
- Prominently situated on Wharf Approach part of the popular and established Anchorbrook Industrial Estate.
- Two linked warehouse and office properties of steel portal frame construction with an eaves height of 7 metres on a self contained secure site with ample yard and car parking areas and extending in total to 29,704 sq ft.
- Currently let on effective Full Repairing and Insuring terms to M&J Evans Construction Limited with a lease expiring on 30th November 2029. Current passing rent of £360,926 per annum which equates to £12.15 per sq ft overall.
- M&J Evans are a national civil engineering and grounds works company with an Experian rating of 94 and for year ending 2023 had a turnover of £334million, pre-tax profit of £2.24 million and net worth of £45.6million
- 999 years long leasehold interest at a peppercorn rent.
Offers in the region of £4,250,000 (Four Million Two Hundred and Fifty Thousand Pounds) reflecting a net initial yield of 8.0% after allowing for purchasers costs of 6.5%.
