A rare freehold industrial property investment has come on the market with Worcestershire commercial property agents John Truslove.
Buntsford Business Park in Bromsgrove is on the market for £3.6 million.
The virtually brand new, high spec development of six self-contained units has a current annual rental income of £227,169.50.
Ian Parker, joint managing director of John Truslove, said: “Investment opportunities of this kind and quality are rare, so we are expecting high interest in Buntsford Business Park.”
The secure fenced and gated site has six units in two opposing terraces, providing a total of 22,723 sq ft.
Current tenants include VIN-X, Architectural Wallz Ltd, Ortlinghaus UK Ltd, Euro-Cut Abrasives (GB) Ltd and Elite Oils Ltd, with the 2,066 sq ft Unit 5 currently available on an estimated rental of £23,500 per annum.
Buntsford Business Centre is located on Buntsford Gate, a new development lying to the south east of Bromsgrove town centre, with access to the M5 motorway to the south of Bromsgrove at Wychbold (Junction 5), approximately four miles, or to the north of Bromsgrove at Lydiate Ash (Junction 4), approximately five miles.
Access can also be gained to the M42 motorway via the A38 to Junction 1 to the north of Bromsgrove, approximately three miles.
Ian Parker added: “The price of £3.6 million equates to an initial yield of 5.66% and equates to a reversionary yield 6.31% when fully let, and equates to a capital value of £158 per square foot.”
More details are available here, by emailing Ian Parker at [email protected] or calling 01527 584242.