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Units 1 - 4, Coppice Trading Estate, Kidderminster, Worcestershire, DY11

From
£2,100,000

£275.77 per sq ft

Business rates & charges may apply

GJS Dillon Ltd, Droitwich
SIZE AVAILABLE

7,615-35,902 sq ft

707-3,335 sq m

SECTOR

Light industrial facility for sale

Key features

  • Guide Price - Offers in the region of £2,500,000
  • Four industrial units extending to a total gross internal area of 35,902 sq ft (3,335 sq m)
  • Three of the units are occupied, with one 8,356 sq ft (777 sq m) unit being vacant
  • Low capital value of £69 per sq ft and low average rent of £3.38 psf
  • Located in a popular commercial location, just off the Stourport Road
  • Long leasehold with 99 years unexpired

Description

Units 1 - 4 Coppice Trading Estate comprises four industrial buildings (with Units 3 & 4 being combined to offer one unit) built in the early 20th Century. The units are of brick construction surmounted by north light roofing. They have all been maintained to a good standard - with the vacant unit (Unit 2) being ready for immediate marketing.
All the units are accessed off the main estate road with Unit 1 having a large parking/yard area and Unit 4 having a secure gated compound.
All EPCs are rated as E.
Please visit the Market Report which can be found on the GJS Dillon website for commentary on the Wyre Forest Industrial Market.

Accommodation & Tenancy Schedule

Unit 1 - Nicol Transmission (UK) Ltd - 7,615 sq ft / 707.08 sq m @ £33,000 p/a - £4.33 p sq ft
Lease expiry within 2 years

Unit 2 - Vacant - 8,356 sq ft / 776.70 sq m - Vacant

Units 3&4 - True Line Expanded Products Ltd - 19,931 sq ft / 1,852.35 sq m @ £60,000 p/a - £3.01 per sq ft - Holding Over

Total - 35,902 sq ft / 3,336.13 sq m @ £93,000 p/a - £3.38 per sq ft

The above represents an initial yield of 2.90%. There is a strong reversionary potential with the two occupied units being under rented and the vacant unit being in a marketable condition.

The property is located on Walter Nash Road just off the A451 Stourport Road, approximately two miles south of Kidderminster town centre. This location has easy access to the main A442 Worcester Road. Junction 4 of the M5 motorway and Junction 1 of the M42 motorway are approximately 12 miles away and provide access to the M5 and M42. Birmingham City Centre is situated approximately 20 miles to the northeast and Worcester City Centre is situated approximately 13 miles to the south.

Brochures

Units 1 - 4, Coppice Trading Estate, Kidderminster, Worcestershire, DY11

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Kidderminster Station2.0 miles
  • Hartlebury Station2.9 miles
  • Blakedown Station5.0 miles

About GJS Dillon Ltd, Droitwich

7 Roman Way Business Centre, Berry Hill Industrial Estate, Droitwich, WR9 9AJ

Notes

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Disclaimer - Property reference 13129FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by GJS Dillon Ltd, Droitwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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