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Warwick House Kingsbury Rd 31,066 sq ft Industrial Property Curdworth B76 9EE £2,795,000 (£89.97/sq ft) 6.70% Net Initial Yield

INVESTMENT HIGHLIGHTS
- Single let industrial investment
- Comprehensively refurbished in 2006
- 450m from Junction 9 of M42/M6 Toll
EXECUTIVE SUMMARY
The subject property is a modern industrial unit fronting Kingsbury Road. The unit was comprehensively refurbished in 2006 and is a single bay warehouse that has been extended to the eastern elevation. The unit has an eaves height of 6.80m and is served to the rear by two roller shutter doors. There are single storey ancillary offices to the front of the unit, a staff welfare area and visitor reception.
The property is used by PHS as a crate washing facility, one of only two the company have in the country – the other being in County Durham. This unit serves the whole of the Midlands and south of the country. The tenant is investing significantly in new crate washing machinery and is planning to undertake upgrade works to the unit once fully installed. Access to the rear yard is directly from Kingsbury Road via a dedicated access road. There is a separate car parking area to the west of the unit and a large grassed area to the front of the property. The building extends to 31,066 sqft on a Gross Internal Area basis.
The property is used by PHS as a crate washing facility, one of only two the company have in the country – the other being in County Durham. This unit serves the whole of the Midlands and south of the country. The tenant is investing significantly in new crate washing machinery and is planning to undertake upgrade works to the unit once fully installed. Access to the rear yard is directly from Kingsbury Road via a dedicated access road. There is a separate car parking area to the west of the unit and a large grassed area to the front of the property. The building extends to 31,066 sqft on a Gross Internal Area basis.
PROPERTY FACTS
| Price | £2,795,000 | Total Plot Size | 0.73 ac |
| Price per sq ft | £89.97 | Net Internal Area (NIA) | 31,066 sq ft |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 6.70% | Year Built | 2000 |
| Tenure | Long Leasehold | Tenancy | Single |
| Property Type | Industrial | Eaves Height | 16 ft (4.88 m) |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 2 |
| Costar Property Class | B |
| Price | £2,795,000 |
| Price per sq ft | £89.97 |
| Sale Type | Investment |
| Yield | 6.70% |
| Tenure | Long Leasehold |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Costar Property Class | B |
| Total Plot Size | 0.73 ac |
| Net Internal Area (NIA) | 31,066 sq ft |
| No. Floors | 1 |
| Year Built | 2000 |
| Tenancy | Single |
| Eaves Height | 16 ft (4.88 m) |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Security System
- Roller Shutters
- Storage Space
UTILITIES
- Lighting - Fluorescent
- Water
- Sewer
- Heating
1 of 2
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Warwick House | Kingsbury Rd
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