Industrial & Logistics

Unit 1 & 2, Oxleasow Road, Redditch

East Moons Moat Redditch, Worcestershire United Kingdom B98 0RE
Asking Price
Area Size
NOI Net Operating Income
Cap Rate

Key facts

Year Built 1999
Building Area Gross
Occupancy 100.0 %

Property description

Highly Reversionary Industrial Investment

Investment highlights

  • Redditch is exceptionally well located within the much sought after M42 corridor, immediately to the south of Birmingham.
  • The town is served by Junctions 2 and 3 of the M42 motorway with easy access to the M5 and M40 to the west and east respectively. 
  • The properties comprise two well located industrial units extending to a total of 92,740 sq ft (8,615.75 sq m) that have been adapted by the occupier for single occupation.
  • Both units are let to Huegli UK Limited with a parent company guarantee from Hügli Holding AG (Dun & Bradstreet 5A1) with 3.5 years to expiry.  
  • Freehold.
  • A highly reversionary combined rent passing of £472,900 per annum reflecting only £4.90 psf.
  • We are instructed to seek offers in excess of £7,700,000 (Seven Million, Seven Hundred Thousand Pounds) subject to contract and exclusive of VAT.
  • A purchase at the level reflects an attractive net initial yield of 5.75%, a reversionary yield of 7.65% (based upon our estimation of ERV) and an equivalent yield of 7.23% assuming standard purchaser’s costs of 6.8%.
  • This price reflects a low capital value of only £83.03 psf.
Last Updated Date: 08 Nov 2022

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Last Updated Date: 08 Nov 2022

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