£3,600,000
(£158.43/sq. ft)
Industrial for saleBuntsford Business Centre, Bromsgrove B60
22,723 sq. ft
Freehold
About this property
Virtually Brand New high spec development
Six Self-Contained Units
Lofty eaves ht 23'4" (7.13m)
Total gia 22,723 sqft (2112 sqm)
Gross Reversionary Income £227,169.50
Secured Fenced & Gates Site
Freehold
Description
Buntsford Business Centre is a virtually brand new development of 6 self-contained lofty factory Warehouse units constructed to a high standard throughout with superb fittings.
The Properties are constructed in two opposing terraces within a fenced and gated secure development. Each of the Units benefits from a lofty eaves height of approximately 7.13 metres, integral separate Male and Female WC’s, shower, Kitchenette and LED lighting.
The Units have the following gia:
Unit 1 - 6295 sqft
Unit 2 - 4160 sqft
Unit 3 - 2119 sqft
Unit 4 - 4205 sqft
Unit 5 - 2066 sqft
Unit 6 - 2115 sqft plus mezz 1764 sqft total 3878 sqft
The Total Gross Internal Floor Area is 22,723 sqft (2111 sqm)
Location
Buntsford Business Centre is located on Buntsford Gate, a brand new development lying to the south east of Bromsgrove Town Centre and having access to the M5 motorway to the south of Bromsgrove at Wychbold (Junction 5) approximately 4 miles, or to the north of Bromsgrove at Lydiate Ash (Junction 4) approximately 5 miles.
Access can also be gained to the M42 motorway via the A38 to Junction 1 to the north of Bromsgrove approximately 3 miles.
Repairing Obligations
All leases are fr&I
Tenure
Freehold
Proposal
We are instructed to seek offers of £3,600,000 (plus VAT) subject to contract, which equates to a net initial yield of 5.66% and a reversionary yield of 6.31% excluding costs. This pricing translates to a capital value of £158 per square foot.
Rateable Value
Tbc
Services
All mains services are available to each unit.
Legal Fees
Each party to bear their own legal fees
Anti Money Laudering
The successful purchaser will be required to provide documentation to comply with Anti Money Laundering Legislation
Tenancy Schedule
Unit 1 - Let to vin-x Ltd for 5 years from 14 May 2024 at £62,970pa
Unit 2 - Let to Architectural Wallz (Ltd) Ltd for 5 years from 28 March 2024 at £43,669.50pa. Break 28/3/2028
Unit 3 - Let to Ortlinghaus UK Ltd from 22nd July 2024 for 5 years at £22,772pa. Break 22/7/2027
Unit 4 - Let to Euro-Cut Abrasives (G.B) Ltd from 1st November 2024 for 5 years at £44,058pa. Break 1/11/2027
Unit 5 - Vacant erv £23,500pa
Unit 6 -Let to Elite Oils Ltd for 5 years from 1st January 2025 at £30,200.
EPC
Tbc
Buntsford Business Centre is a virtually brand new development of 6 self-contained lofty factory Warehouse units constructed to a high standard throughout with superb fittings.
The Properties are constructed in two opposing terraces within a fenced and gated secure development. Each of the Units benefits from a lofty eaves height of approximately 7.13 metres, integral separate Male and Female WC’s, shower, Kitchenette and LED lighting.
The Units have the following gia:
Unit 1 - 6295 sqft
Unit 2 - 4160 sqft
Unit 3 - 2119 sqft
Unit 4 - 4205 sqft
Unit 5 - 2066 sqft
Unit 6 - 2115 sqft plus mezz 1764 sqft total 3878 sqft
The Total Gross Internal Floor Area is 22,723 sqft (2111 sqm)
Location
Buntsford Business Centre is located on Buntsford Gate, a brand new development lying to the south east of Bromsgrove Town Centre and having access to the M5 motorway to the south of Bromsgrove at Wychbold (Junction 5) approximately 4 miles, or to the north of Bromsgrove at Lydiate Ash (Junction 4) approximately 5 miles.
Access can also be gained to the M42 motorway via the A38 to Junction 1 to the north of Bromsgrove approximately 3 miles.
Repairing Obligations
All leases are fr&I
Tenure
Freehold
Proposal
We are instructed to seek offers of £3,600,000 (plus VAT) subject to contract, which equates to a net initial yield of 5.66% and a reversionary yield of 6.31% excluding costs. This pricing translates to a capital value of £158 per square foot.
Rateable Value
Tbc
Services
All mains services are available to each unit.
Legal Fees
Each party to bear their own legal fees
Anti Money Laudering
The successful purchaser will be required to provide documentation to comply with Anti Money Laundering Legislation
Tenancy Schedule
Unit 1 - Let to vin-x Ltd for 5 years from 14 May 2024 at £62,970pa
Unit 2 - Let to Architectural Wallz (Ltd) Ltd for 5 years from 28 March 2024 at £43,669.50pa. Break 28/3/2028
Unit 3 - Let to Ortlinghaus UK Ltd from 22nd July 2024 for 5 years at £22,772pa. Break 22/7/2027
Unit 4 - Let to Euro-Cut Abrasives (G.B) Ltd from 1st November 2024 for 5 years at £44,058pa. Break 1/11/2027
Unit 5 - Vacant erv £23,500pa
Unit 6 -Let to Elite Oils Ltd for 5 years from 1st January 2025 at £30,200.
EPC
Tbc
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