Aston Seedbed Centre, Avenue Close, Birmingham
28,786 sq ft
Description
- Price Offers in the region of £2,445,000
UNDER OFFER
Reversionary multi-let industrial investment located in the popular industrial location of Aston.
Rare opportunity to acquire the Freehold interest which hasn't come to the market in over 36 years.
The estate comprises 50 industrial units and 708 sq ft of office space totalling a gross internal area of 28,786 sq ft.
48 of the industrial units (plus office) are let at an annual passing rent of £220,908 equating to a low rent of £7.83 per sq ft on the industrial space. There are two vacant units.
Freehold.
Offers invited in excess of £2,445,000 (Two Million Four Hundred and Forty Five Thousand Pounds) for our client's freehold interest. A purchase at this level reflects a Net Initial Yield of 8.49% and a capital value of £84.94 per sq ft.
Reversionary multi-let industrial investment located in the popular industrial location of Aston.
Rare opportunity to acquire the Freehold interest which hasn't come to the market in over 36 years.
The estate comprises 50 industrial units and 708 sq ft of office space totalling a gross internal area of 28,786 sq ft.
48 of the industrial units (plus office) are let at an annual passing rent of £220,908 equating to a low rent of £7.83 per sq ft on the industrial space. There are two vacant units.
Freehold.
Offers invited in excess of £2,445,000 (Two Million Four Hundred and Forty Five Thousand Pounds) for our client's freehold interest. A purchase at this level reflects a Net Initial Yield of 8.49% and a capital value of £84.94 per sq ft.
