Opportunity to acquire a high yielding industrial investment.
Located on Adderley Road, Saltley, 3 miles from Birmingham City Centre and approximately 2 miles from Junction 6 of the M6 motorway.
5 units across two terraces of steel portal frame construction, with full height brick elevations.
23,170 sq. ft.
The property is let on two occupational leases, Sky Telecommunications Services Ltd and Kevin Eacock T/A EMA Motorsports, generating £31,500 p.a. The remaining three units are let on long leaseholds, at a combined rent of £8,437.48 p.a. equating to 78.5% of the head ground rent.
Held by way of two ground leases with 78 years unexpired.
The current ground rent payable is £10,750 p.a.
Offers in the region of £310,000.00 (Three Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT reflecting a net yield of 9.10% after purchaser’s costs of 3.41% and reflecting a low capital figure of £32.90 psf.
