Frank-Steier Price Ltd. Leading niche commercial property investment practice Logo for Midlands Property Awards 09

January 2019

99 Amington Road, Tyseley, Birmingham, B25 8EP



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.

Franck Steier Price has recently completed the sale of a single let industrial investment on behalf of Paloma Capital.

The property is located in the Tyseley area of the city area 4 miles from Birmingham city centre. The property lies between the A45 and A41.

The detached unit which was refurbished in 2012 has an eaves height of 5m and sits on a site of 0.98 acres. The property comprises a single bay warehouse and totals 25,016 sqft.

The property is held long leasehold on a 125 year term from May 1993. There is a £200 ground rent which is reviewable every 25 years where the rent will double.

The unit is let to Mata Automotive UK Ltd on a 10 year lease from 9 March 2017. The tenant has an option to break at Year 5. The passing rent is £100,000 (£4 per sqft).

The property was sold to a private investor for £1,301,000 which reflected an initial yield of 7.25%. Wood Advisory acted for the purchaser.