Log In/Sign up
Your email has been sent.
Weir Lane Industrial Estate 6 Properties Offered at £2,250,000 in Worcester
Investment Highlights
- Comprises six parcels of industrial land
- Good road communications
- Surrounding location comprises a mixture of industrial premises as well as other commercial uses
Executive Summary
- The site encompasses six parcels of industrial land held on long income ground leases.
- The site area extends to approximately 4.91 acres(1.99 hectares).
- The industrial estate is leased to four tenants and provides an attractive weighted average unexpired lease term certain of 61.2 years.
- Two of the six leases have been surrendered and regranted on more modern terms and 5 yearly rent review patterns.
- The income is secured against local tenants.
- An active estate on the outskirts of Worcester with local occupiers including: Worcester City Bathrooms, Sunbelt Rental Tools, Stock’n’Lock Self Storage, Howdens and Screwfix.
- Total current rent is £148,680 per annum, reflecting an average rate of £30,281 per acre.
- Freehold.
- The site area extends to approximately 4.91 acres(1.99 hectares).
- The industrial estate is leased to four tenants and provides an attractive weighted average unexpired lease term certain of 61.2 years.
- Two of the six leases have been surrendered and regranted on more modern terms and 5 yearly rent review patterns.
- The income is secured against local tenants.
- An active estate on the outskirts of Worcester with local occupiers including: Worcester City Bathrooms, Sunbelt Rental Tools, Stock’n’Lock Self Storage, Howdens and Screwfix.
- Total current rent is £148,680 per annum, reflecting an average rate of £30,281 per acre.
- Freehold.
Property Facts
| Price | £2,250,000 | Status | Active |
| Price psf | £31.37 / sq ft | Number of Properties | 7 |
| Sale Condition | Long Leasehold | Individually For Sale | 0 |
| Yield | 6.21% | Total Property Size | 71,728 sq ft |
| Sale Type | Investment | Tenure | Freehold |
| Price | £2,250,000 |
| Price psf | £31.37 / sq ft |
| Sale Condition | Long Leasehold |
| Yield | 6.21% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Property Size | 71,728 sq ft |
| Tenure | Freehold |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
CSS Ltd
Weir Ln, Worcester WR2 4AY |
Industrial | 16,955 sq ft | 1987 | - |
|
NAL Ltd
Weir Ln, Worcester WR2 4AY |
Industrial | 15,262 sq ft | 1987 | - |
|
Midwest Landscaping Limited
Weir Ln, Worcester WR2 4AY |
Industrial | 13,009 sq ft | - | - |
| Weir Ln, Worcester WR2 4AY | Industrial | 12,832 sq ft | 1988 | - |
|
Industrial
Weir Ln, Worcester WR2 4AY |
Industrial | 6,005 sq ft | 1993 | - |
|
Motor & Body Repairs Ltd
Weir Ln, Worcester WR2 4AY |
Retail | 7,665 sq ft | 1988 | - |
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Weir Lane Industrial Estate
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.