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Trading/Industrial Estate in the Midlands

Trading/Industrial Estate in the Midlands
** A Very Interesting Investment/Redevelopment Opportunity **
Ref.CR122
Location Warwickshire
Asking Price £ 1,500,000
We are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.

Originally constructed in 1973 this Trading Estate has been owned, maintained and improved by the present owner since 2000, and forms part of a larger property portfolio held by the Owners. Although total rental return for the site has always produced an excellent return on investment (circa 10%), the owners have been grooming the site for suitability towards redevelopment in recent years, but now feel that their wish to retire takes priority over their longer term plans and therefore wish to sell parts of their portfolio including this one.

The site is believed to have a current 90+% occupancy and, with full occupancy, would yield a total rental revenue of circa £149,700. However, the owners have always been mindful of the key position that this development is situated in, being close to the Town Centre and the Railway Station, and have gradually reduced the company’s exposure to long leases on the varying units becoming available to rent. This strategy now has all tenants on short term rental agreements, and now allows the site to be redeveloped quickly as a suitably lucrative redevelopment plan emerges.