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Unit 1 Kingsbury Link Trinity Rd 74,443 sq ft Light Industrial Property Tamworth B78 2EX £5,500,000 (£73.88/sq ft) 6.99% Net Initial Yield
Investment Highlights
- Modern light-industrial facility
- Good road communications
- Tarmac and concrete finished site
- Prime position on Trinity Road within the Kingsbury Link Business Park
Executive Summary
The property comprises a modern light-industrial facility with ancillary office accommodation extending to circa 74,443 sq ft. The property was constructed in the late 1990s, with significant extensions added over time, including a major addition completed in 2016/17.The property is single-let to Parking Facilities Ltd on a 10-year lease from 1st July 2023. The lease includes an open-market rent review and tenant break option on 1st July 2028, with the break requiring six months’ prior written notice.
A purchase at this level reflects a NIY of 6.99%, assuming standard purchasers’ costs, a reversionary yield in excess of 9.00%, and a low capital value of £74 per sq ft.
A purchase at this level reflects a NIY of 6.99%, assuming standard purchasers’ costs, a reversionary yield in excess of 9.00%, and a low capital value of £74 per sq ft.
Property Facts
| Price | £5,500,000 | Costar Property Class | B |
| Price per sq ft | £73.88 | Total Plot Size | 5.24 ac |
| Sale Type | Investment | Net Internal Area (NIA) | 74,443 sq ft |
| Yield | 6.99% | No. Floors | 3 |
| Tenure | Freehold | Year Built | 2008 |
| Property Type | Light Industrial | Tenancy | Single |
| Property Subtype | Light Manufacturing | Eaves Height | 32 ft (9.75 m) |
| Price | £5,500,000 |
| Price per sq ft | £73.88 |
| Sale Type | Investment |
| Yield | 6.99% |
| Tenure | Freehold |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Costar Property Class | B |
| Total Plot Size | 5.24 ac |
| Net Internal Area (NIA) | 74,443 sq ft |
| No. Floors | 3 |
| Year Built | 2008 |
| Tenancy | Single |
| Eaves Height | 32 ft (9.75 m) |
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Unit 1 Kingsbury Link | Trinity Rd
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