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

September 2019

Unit 1 First Avenue, Maybrook Industrial Estate, Minworth, Birmingham, B76 1BA

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under offer

The property comprises a single let industrial warehouse located in the prime industrial/distribution location of Minworth, 5.5 miles north east of Birmingham city centre.  The unit extends to 44,742 sq.ft on a self contained site.  Let to Net Lynk Direct Ltd on a 15 year lease from February 2012.  Passing rent of £234,730 per annum (low rent of £5.25 per sq.ft).  ERV £290,825 per annum (£6.50 per sq.ft).  Offers sought in excess of £3,830,000 which reflects a net initial yield of 5.75%, a reversionary yield of 7.13% and a low capital value of £85.60 per sq.ft.