Industrial & Logistics

U13 Holford Industrial Park

Tameside Drive Birmingham, United Kingdom B6 7AX
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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Attributes

Tenure Type Leasehold
Building Area

Property Description

Strategically located, industrial warehouse facility totaling 9,353 sq m (100,674 sq ft).


Investment Highlights

  • Prime industrial location, 3 miles north of Birmingham city centre with excellent transport communications and employment demographics
  • Situated on the established Holford Industrial Park within 1.5 miles of Junction 6 of the M6 motorway
  • Let on a new 25 year lease to Vertigrow Technology Limited from 1 October 2019
  • A low initial rent of £450,000 per annum (£4.50 per sq ft) subject to 5 yearly open market rent reviews
  • The property benefits from a 4 megawatt power supply
  • Reversionary rental with an ERV of £503,370 per annum (£5.00 per sq ft)
  • Long leasehold - 999 years from 20th February 1995 at a peppercorn rental
  • We are instructed to seek offers in excess of £5,900,000, subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 7.14%, a reversionary yield of 8.00% and an overall equivalent yield of 7.77% assuming standard purchasers’ costs. A purchase at this price would reflect a low capital value of £58.60 per sq ft which we believe is less than the vacant possession value.
Last Updated Date: 16 Sep 2020
Allan Wilson
Allan Wilson
Director - Capital Markets
Bill Martyn-Smith
Bill Martyn-Smith
Surveyor - Capital Markets

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Last Updated Date: 16 Sep 2020

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