Industrial

Wollaston Industrial Park, Wellingborough NN29 7RG

 

Quoting Price: £7,240,000 - Initial Yield:7.40%

Acting on behalf of Eskmuir Properties, we are instructed to sell this prime multi let investment opportunity.

Wollaston Industrial Estate is situated to the south of the town centre and is the primary industrial offering for the town. The property comprises two adjoining industrial estates on William’s Way and Raymond Close providing a total of 127,542 sq ft (11,849.04 sq m) across 15 units. The estate has recently been refurbished at a cost of over £1.3m. Fully let to thirteen tenants generating a total rental income of £571,117 per annum, equating to a low average overall rent of £4.48 per sq ft. The property benefits from an AWULT of 4.67 years to expiry and 2.17 years to break. Approximately 74% of the income is secured to tenants with a ‘minimum’ risk or ‘Lower than average’ risk of business failure.

We are instructed to seek offers in excess of £7,240,000 (Seven Million, Two Hundred and Forty Thousand Pounds) subject to contract and exclusive of VAT. This reflects an attractive net initial yield of 7.40%, assuming purchaser’s costs of 6.65%, equating to a low capital value of £57 per sq ft.

Contact

Simon Lewis

Tel: 020 7493 3330
Mob: 07831 527 960
slewis@lewisellis.co.uk

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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