An opportunity to acquire a single let, last mile logistics industrial warehouse with guaranteed reversion.
- Prominently located last mile logistics warehouse 2 miles south of Birmingham city centre, extending to 78,488 sqft.
- Let to MacDermid Performance Solutions UK Limited until 27th April 2033, providing approximately 8.6 years term certain.
- FRI terms
- Low passing rent of £389,470 per annum, equating to £4.96 psf.
- Fixed increases on 24th June 2026 to £459,970 (£5.86 psf) and 28th April 2028 to £532,734 (£6.79 psf).
- Significant tenant investment including a new roof, installation of 1,400 PV panels and EV charging bays.
- Freehold
We are instructed to seek offers in excess of £7,010,000 (Seven Million and Ten Thousand Pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a Net Initial Yield of 6.15% and a reversionary yield of 7.12% in 2028 and potentially 11.97% in 2033.
A sale at this level equates to a low capital value of £89 psf. Purchasers costs of 6.65%.