Chester Road Trade Park, Chester Road, Erdington, Birmingham, B24 0QY
Prime multi-let trade counter investment opportunity.
Newly built, prime three unit trade park scheme extending to 18,391 sq.ft.Units sizes ranging from 4,768 sq.ft to 8,187 sq.ft.
Situated in Erdington, is a densely populated suburb of north Birmingham. The property is prominently located at the junction of A38 dual carriageway and A452 with over 42,000 vehicle movements per day.
The trade park scheme is fully let to Paul Rigby Group, Sportsbikeshop and London Stone Paving with a WAULT of 11.93 years. Total rental income is £214,621 per annum – low average rent of £11.67 per sq.ft.Freehold.
Offers sought in excess of £3,850,000 (Three Million Eight Hundred and Fifty Thousand Pounds) reflecting an attractive net initial yield of 5.25%.