Multi-let industrial estate prominently located in Washington, within an established industrial area.
• Comprising 20 self-contained light industrial units ranging in size from 2,900 sq ft to 6,236 sq ft and totalling, 74,022 sq ft.
• Well-let popular estate with full occupancy.
• Strong demand from owner occupiers with a number of units sold off on a long leasehold basis.
• Low passing rents with good reversionary potential.
• Total passing rent of £165,950 reflecting a low average of £4.11 per sq ft (based on 40,336 sq ft).
• Seeking offers of £1,550,000 (One Million, Five Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 10.09% after purchaser's costs of 6.12%.