Boulton Industrial Centre, Icknield Street, Soho, Birmingham
36,500 sq ft
Description
- Price Offers in excess of £2,375,000
UNDER OFFER
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.
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.
