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Weir Lane Industrial Estate 5 Properties Offered at £2,250,000 in Worcester
INVESTMENT HIGHLIGHTS
- Reversionary ground lease investment with an average weighted unexpired lease term of 61.2 Years
- An average annual rent of just £30,281 per acre
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 | £33.65 / sq ft | Number of Properties | 6 |
| Sale Condition | Long Leasehold | Individually For Sale | 0 |
| Yield | 6.21% | Total Property Size | 66,860 sq ft |
| Sale Type | Investment |
| Price | £2,250,000 |
| Price psf | £33.65 / sq ft |
| Sale Condition | Long Leasehold |
| Yield | 6.21% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Property Size | 66,860 sq ft |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
NAL Ltd
Weir Ln, Worcester WR2 4AY |
Industrial | 29,826 sq ft | 1987 | - |
|
Midwest Landscaping Limited
Weir Ln, Worcester WR2 4AY |
Industrial | 13,009 sq ft | - | - |
| Weir Ln, Worcester WR2 4AY | Industrial | 9,461 sq ft | 1988 | - |
|
Industrial
Weir Ln, Worcester WR2 4AY |
Industrial | 6,899 sq ft | 1993 | - |
|
Motor & Body Repairs Ltd
Weir Ln, Worcester WR2 4AY |
Retail | 7,665 sq ft | 1988 | - |
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Weir Lane Industrial Estate
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