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

September 2019

South Moons Moat Industrial Estate, Redditch, B98 0RA

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The property is located in the popular and established South Moons Moat industrial area of Redditch.  17 unit industrial estate extending to 13,152.26 sq.m (141,571 sq.ft) on a site of 3.68 hectares (9.10 acres).  Unit sizes ranging from 5.185 sq.ft to 20,222 sq.ft.  Fully let producing a total income of £722,940 per annum (low average rent of £5.11 per sq.ft).  ERV £797,212 per annum.  WAULT of 3.52 years to expiries.  Opportunities to drive rents based on rental lettings and rent reviews on the subject and nearby estates.  Offers sought in excess of £10,450,000 which reflects a net initial yield of 6.50%, a reversionary yield of 7.17% and a low capital value of £73.63 per sq.ft.