Property overview

Old Hall Trading Estate, Field Road, Bloxwich, Walsall, WS3 3HJ

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£2,915,000
Jun 2021

Multi-let Industrial Investment

This multi-let estate is located directly to the east of Bloxwich town centre, under three miles north of Walsall, directly east of the A34 & three miles north of J10 of M6.

The 20 unit multi-let industrial estate predominantly comprises starter units totalling 62,661 sq ft on an overall site of 2.14 acres.

The estate is fully let, with the average length of occupancy of the current tenants of 7.2 years. The total rent is £232,824 per annum (average current rent of £4.69 per sqft).

ERV is £274,345 per annum, showing an increase of almost 18% from the passing rent.

Offers in excess of £2,915,000 (Two Million Nine Hundred and Fifteen Thousand Pounds) offering a net initial yield of 7.50% with a reversion to 8.84%. Underlying capital value of only £46.52 per sqft.