Industrial unit for sale
Property description & features
- Tenure: Freehold
- Combined accommodation of 31,466 Sq Ft (GIA)
- Total site area of 1.34 acres
- Total combined net rental of £180,262 pa exclusive
• Two modern adjacent industrial units extending to 12,691 sq ft (GIA).
• Adjoining modern business centre extending to 18,775 sq ft (GIA) – 15,179 sq ft (NIA).
• Combined accommodation of 31,466 sq ft (GIA).
• Total site area of 1.34 acres.
• The industrial units are let to two, well established tenants on FRI terms.
• The business centre is let to 17 tenants on various licences that include service charge and building insurance.
• Established commercial location, with excellent future potential for rental growth.
• Proven extremely low vacancy levels over many years.
• The business centre income equates to 61% of the total net rent and reflects an extremely low average rent of only £7.40 per sq ft.
• Industrial income equates to 39% of the total rent and reflects a low average rent of only £5.44 per sq ft.
• Total combined net rental of £180,262 pa exclusive.
• Excellent opportunity for value enhancement through asset management.
• Undoubtably reversionary.
• Potentially suitable for Owner Occupier (subject to obtaining vacant possession)
The property itself is located on Drummond Road, accessed directly from Astonfields Road and providing swift access to the A513 via Sandon Road to the east and Common Road to the west. Junction 14 of the M6 is less than 2.5 miles from the property.
The A513 corridor is an established business location, with Tollgate Industrial Estate and Staffordshire Technology Park both situated nearby.
Astonfields Industrial Estate consists primarily of warehouse accommodation, with the subject premises providing the most notable office accommodation within Schott House.
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