10-12 Feckenham Rd Industriel/Logistique 813 m² 100 % Loué À vendre Astwood Bank B96 6DS 1 289 231 € (1 585,60 €/m²) Taux de capitalisation 6,46 %

FREEHOLD INVESTMENT- Ridgeway Trading Estate is a fully let income producing small unit industrial estate located at Astwood Bank on the outskirts of Redditch, Worcestershire. Asking Price £1,100,000
3 Tenants Recently Renewed for 5 Year Terms
DESCRIPTION
The property is on a self-contained Freehold site, comprising of five units totalling 5,375 square feet. The units are modern, well insulated, steel portal framed industrial buildings, fronting a private access yard & car park. The premises have recently been refurbished to a high standard throughout and benefit from roller shutter access, lighting and WC accommodation.
INVESTMENT PROPOSAL
We are instructed to seek offers of £1,100,000 based on a net initial yield of 6.46% assuming purchasing costs of 5.85% with reversionary yield of 7.00%.
LOCAL DEMAND
Small units are in high demand locally and these type of units fill a much needed gap in the market between self-store units and traditional industrial units, three of the tenants (Units A, C & E) have recently renewed their leases for further 5 year terms and the remaining two units (Unit B & D) have leases expiring in May 2027 & March 2028. The units are attractive for small businesses as they qualify for either full business rates relief or small business rates taper relief under the new 2026 VOA re-valuation.
CAR PARKING
Ample parking is available within the fenced and gated secure site.
EPC range from A-C all meeting the required revised standard coming into effect in 2027.
£1,100,000 based on a net initial yield of 6.46% assuming purchasing costs of 5.85% with reversionary yield of 7.00%.
ERV (Estimated Rental Value) over £81,921 pa.