Property overview

Autobase Industrial Park, Tipton Road, Tividale, B69 3HU

Download the Sales Brochure Make an enquiry

Multi-let industrial estate totalling 513,425 sq.ft.  Site of 37.8 acres.  Predominantly occupied by two of the UK’s largest independent steel stockholders and a national distribution company.  WAULT of 7.3 years to breaks and 8.2 years to expiries.  Total rent £1,671,277 per annum.  Approximately 94% of the income is secured to the four main tenants.  Offers sought in excess of £19,745,000 which reflects a net initial yield of 8.00%, assuming purchaser’s costs of 5.80%.  Low capital value of £38.45 per sq.ft.