Boulton Industrial Centre, Icknield Street, Birmingham, B18 5AU
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REF NUMBER: AI215213
Boulton Industrial Centre, Icknield Street, Birmingham, B18 5AU
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Agent's Details
Alex Darlington
T: 07904 630147
36,500 SqFt
(3,391 SqM)
For Sale £ 2375000
Reversionary multi-let industrial investment located in the popular industrial location of Hockley, adjacent to the Birmingham City Ring Road.
The estate comprises of 34 units, totalling a gross internal area of 36,500 sq ft.
32 of the units are let at an annual passing rent of £221,099 equating to a low rent of £6.37 per sq ft.
There are currently two vacant units providing the opportunity for immediate reversion.
Freehold.
Offers invited in excess of £2,375,000 (Two Million Three Hundred and Seventy Five Thousand Pounds) for our client's freehold interest. A purchase at this level reflects a Net Initial Yield of 8.75% and a capital value of £65.07 per sq ft.
Boulton Industrial Centre, Icknield Street, Birmingham, B18 5AU
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