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Kepler - Meltex House 4,515 sq ft Office Unit Offered at £480,000 in Tamworth B79 7XE
Investment Highlights
- Open plan two storey office building
- Good road links
- Ample car parking
Executive Summary
The property comprises a building of masonry construction arranged over two floors offering industrial accommodation within. The building is located on the Lichfield Road Industrial estate off Kepler, but close to its junction with Mariner. Lichfield Road Industrial Estate is to the North West of Tamworth town centre. The property is 1.5 miles from the A 5 which provides excellent access to the M42 and the A38.
Property Facts
| Total Property Size | 13,963 sq ft | Typical Floor Size | 6,982 sq ft |
| Property Type | Office (Unit) | Year Built | 1980 |
| Costar Property Class | C | Parking Allocation | 3.07/1,000 sq ft |
| Floors | 2 |
| Total Property Size | 13,963 sq ft |
| Property Type | Office (Unit) |
| Costar Property Class | C |
| Floors | 2 |
| Typical Floor Size | 6,982 sq ft |
| Year Built | 1980 |
| Parking Allocation | 3.07/1,000 sq ft |
Amenities
- 24 Hour Access
- Accent Lighting
- EPC - C
- EPC - D
1 Unit Available
Unit C
| Unit Size | 4,515 sq ft | Sale Type | Investment |
| Price | £480,000 | Tenure | Freehold |
| Price Per sq ft | £106.31 | Net Initial Yield | 6.88% |
| Unit Use | Office | NOI | £33,000 |
| Unit Size | 4,515 sq ft |
| Price | £480,000 |
| Price Per sq ft | £106.31 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.88% |
| NOI | £33,000 |
Description
The accommodation is spread over two floors and was originally all open plan but the tenant has installed some partitioning to create private office areas. Each floor benefits from separate WC’s and small kitchenette areas, the rear car parking is gated and fully fenced.
Sale Notes
The property is freehold and is sold subject to the existing lease from March 2019 for 6 years to J Murphy & sons at a current passing rent of £33,000 per annum, subject to a break at the end of year 3 of the lease.
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Demographics
Demographics
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Kepler - Meltex House
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