Industrial

14-22 Coleshill Industrial Estate, Roman Way, Birmingham 

 

Price: £5,450,000 - Initial Yield:6.30%

Date: Q2 2017

Acting on behalf of LSH Investment Management we advised on the purchase of this industrial investment from a Private Investor for £5.45m, reflecting a net initial yield of 6.30%.

The property comprises 9 industrial units constructed in the early 1980s, arranged as two terraces. The estate provides a total gross internal area of 68,381 sq ft, with individual units ranging from 5,676 sq ft to 9,490 sq ft. The property is multi-let to 7 tenants providing a current rental income of £365,951 per annum (£5.35 per sq ft overall). The AWULT to expiry is 4.60 years and to break is 2.87 years.

Contact

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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