Buntsford Business Centre, Bromsgrove, B60 3FR

Property Details: • Type: Distribution Warehouse • Tenure: FREEHOLD • Floor Area: 22723 sqft

Key Features: • Virtually Brand New high spec development • Six Self-Contained Units • Lofty eaves ht 23'4" (7.13m) • Total GIA 22,723 sqft (2112 sqm) • Gross Reversionary Income £227,169.50 • Secured Fenced & Gates Site • Freehold

Location: • Nearest Station: Bromsgrove Station • Distance to Station: 0.909196830221272 miles

Agent Information: • Address: Daralbee House Archer Road, Redditch, Worcestershire, B98 8DJ

Full Description: Description<br />Buntsford Business Centre is a virtually brand new development of 6 self-contained lofty factory Warehouse units constructed to a high standard throughout with superb fittings.<br /><br />The Properties are constructed in two opposing terraces within a fenced and gated secure development. Each of the Units benefits from a lofty eaves height of approximately 7.13 metres, integral separate Male and Female WC’s, shower, Kitchenette and LED lighting.<br /><br />The Units have the following GIA:<br /><br />Unit 1 - 6295 sqft<br />Unit 2 - 4160 sqft<br />Unit 3 - 2119 sqft<br />Unit 4 - 4205 sqft<br />Unit 5 - 2066 sqft<br />Unit 6 - 2115 sqft plus mezz 1764 sqft total 3878 sqft<br /><br />The Total Gross Internal Floor Area is 22,723 sqft (2111 sqm)<br /><br />Location<br />Buntsford Business Centre is located on Buntsford Gate, a brand new development lying to the south east of Bromsgrove Town Centre and having access to the M5 motorway to the south of Bromsgrove at Wychbold (Junction 5) approximately 4 miles, or to the north of Bromsgrove at Lydiate Ash (Junction 4) approximately 5 miles.<br /><br />Access can also be gained to the M42 motorway via the A38 to Junction 1 to the north of Bromsgrove approximately 3 miles.<br /><br />Repairing Obligations<br />All leases are FR&I<br /><br />Tenure<br />Freehold<br /><br />Proposal<br />We are instructed to seek offers of £3,600,000 (plus VAT) subject to contract, which equates to a net initial yield of 5.66% and a reversionary yield of 6.31% excluding costs. This pricing translates to a capital value of £158 per square foot.<br /><br />Rateable Value<br />TBC<br /><br />Services<br />All mains services are available to each unit.<br /><br />Legal Fees<br />Each party to bear their own legal fees<br /><br />Anti Money Laudering<br />The successful purchaser will be required to provide documentation to comply with Anti Money Laundering Legislation<br /><br />Tenancy Schedule<br />Unit 1 - Let to VIN-X Ltd for 5 years from 14 May 2024 at £62,970pa<br />Unit 2 - Let to Architectural Wallz (Ltd) Ltd for 5 years from 28 March 2024 at £43,669.50pa. Break 28/3/2028<br />Unit 3 - Let to Ortlinghaus UK Ltd from 22nd July 2024 for 5 years at £22,772pa. Break 22/7/2027<br />Unit 4 - Let to Euro-Cut Abrasives (G.B) Ltd from 1st November 2024 for 5 years at £44,058pa. Break 1/11/2027<br />Unit 5 - Vacant ERV £23,500pa<br />Unit 6 -Let to Elite Oils Ltd for 5 years from 1st January 2025 at £30,200.<br /><br />EPC<br />tbc