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October 2018

99 Amington Road, Tyseley, Birmingham, B25 8EP

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under offer

The property is located 4 miles south east of Birmingham city centre in an established industrial area, just off A45 dual carriageway.  The property is a modern detached industrial unit extending to 25,016 sq.ft.  Let for a term of 10 years from 9 March 2017 to Mata Automotive UK Ltd, with a tenant break option in March 2022.  Rent £100,000 per annum (£4.00 per sq.ft).  ERV £125,100 per annum (£5.00 per sq,ft).  Offers sought for the long leasehold interest in excess of £1,215,000 which reflects a net initial yield of 7.75% with a reversionary yield of 9.70%.  Low capital value of £48.56 per sq.ft.

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