Offers over
£4,250,000
(£64.15/sq. ft)
Light industrial for sale21 & 22, Brook Road, Rayleigh, Essex SS6
66,255 sq. ft
About this property
Net initial yield 7.62%
Low Capital Value (£62 per sq. Ft.)
Net Reversionary Yield 8.73% (Assuming Purchaser's costs of 6.55%)
Future Development Potential
Arranged over Two Sites
Combined Total Site Area 2.83 acres
21 Brook Road - EPC rating of D 22 Brook Road (G/F) - EPC rating of D 22 Brook Road (F/F) - EPC rating of E
22, opposite 21, comprises a detached two storey property providing industrial/storage accommodation with loading doors to the ground floor, with offices at first floor level. Each floor is self contained, with allocated parking.
Investment summary
21 Brook Road is let to Fisco Tools Ltd, whose ultimate holding company is ab Latour. Fisco have an Experian Credit rating of 100/100 and are considered a "Very Low Risk".
22 Brook Road, ground floor, is let to gcs Automotive Services Ltd.
Location
The premises front Brook Road, forming part of a well-established Industrial Estate, lying immediately to the north of the A127 Southend Arterial Road at the junction with the A129 at the Rayleigh Weir Inter-change. The premises benefit from good road communications throughout the South East Essex area with direct links to the M25 motorway, approximately 15 miles distant.
EPC
21 Brook Road - EPC rating of D
22 Brook Road (G/F) - EPC rating of D
22 Brook Road (F/F) - EPC rating of E
Tenure Comments
21 Brook Road is let on a 10 year lease from 1/8/2021, with an upwards only rent review at the fifth year. There is a mutual option to break on 01/08/2027, subject to 12 months' written notice.
The ground floor of 22 Brook Road is let until 12/01/2027. The lease is outside the Landlord & Tenant Act.
Mortgage calculator
£21,260 per month
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