Units 2-4, 1622 Bristol Road South, Rednal, Longbridge, Birmingham B45 9TY
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High yielding industrial investment located on the A38, 6½ miles south west of Birmingham city centre.
Across the A38 from the Longbridge regeneration area. On the south side of Bristol Road South opposite a McDonalds drive thru and a site proposed for a new Aldi store. Adjoining the subject site is a Citroen repair garage and retail warehouse unit occupied by Kidderminster Carpets.
3 unit industrial terrace extends in total to 15,520 sq ft.
Let to single tenant on two leases.
Combined rent of £131,250 per annum.
We are instructed to seek offers in excess of £1,500,000 (One Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT.
A purchase at this price would reflect a net initial yield of 8.25%, assuming costs of purchase of 6.12%.
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