Unit 3 4 Burnt Tree Industrial Estate, Groveland Road, DY4 7UD

Unit 3 comprises of a single bay end of terrace industrial unit of steel portal frame construction with profile cladding above brick and blockwork elevations. The unit benefits from a concrete floor and lighting is provided via a mix of fluorescent strip lights and sodium lights. The minimum eaves height is approximately 18'3' (5.5 m) rising to approximately 22'4' (6.8m). Vehicle access via an electrically operated roller shutter door measuring approximately 16'4' high (5m) x 13'11' wide (4.2m).

Unit 4 comprises of a single bay detached industrial unit of steel portal frame construction with profile cladding above brickwork to approximately 2m. The unit benefits from a concrete floor and lighting is provided via sodium lights. The minimum eaves height is approximately 14' (4.3 m) rising to approximately 16' (5m). Vehicle access via an electrically operated roller shutter door measuring approximately 14' high (4.3m) x 21' wide (6.6m).

Internally the unit has ground floor offices and storage areas with WC's.

EPC Rating

An EPC has been carried out on these units and they have been awarded the following grade:-

Unit 3: B-29

Unit 4: C-68

Price

Freehold: £1.45 million subject to contract reflecting a net initial yield of 6.98% after purchasers costs of 6.08% and a Capital Value of £85.94 per sq ft.

Lease: Let to Specialist Vehicle Logistics Ltd (Company number: 05555137) on a new 10 year lease from May 2015 on a full repairing and insuring term. There is a tenants break option at the end of the 5th anniversary of the term giving 6 months notice. The

current passing rent is £107,300 per annum exclusive.

Car Parking

To units have the benefit of a secure fenced and gated yard of approximately 1.5 acres. This area provides a an area for loading and unloding with car parking.

Accommodation

sq ft sq m

Unit 3 14,475 1,344

Unit 4 2,398 222

16,873 1,566

The units are located on Burntree Industrial Estate on the corner of Groveland Road and Dudley Road West. The A4033 Dudley Road West leads directly to Burntree Island, giving access to the A4123 Birmingham New Road to Wolverhampton and in the opposite direction to Junction 2 of the M5 which is approximately 2 miles distant. The M5 gives access to the regional and national Motorway network.