Property overview

Robinson Manufacturing – Sutherland Avenue, Wolverhampton, WV2 2JQ

under offer

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£3,500,000
Jul 2022

Wolverhampton – Sutherland Avenue, Wolverhampton, WV2 2JQ

  • Long income, Index-linked, industrial sale and leaseback opportunity
  • Urban industrial location, less than a mile from Wolverhampton city centre
  • The city is well served by excellent road connections to the M6 and M5 motorways
  • The property comprises eight industrial units, a detached office, a welfare block, three covered storage bays, and 0.33 acres of hard surfaced storage land
  • Total Gross Internal Area of 64,917 sq. ft. (6,031.00 sq. m.)
  • Low overall site cover of 33% across a total site area of 4.14 acres
  • The property will be sold by way of sale and leaseback to Robinson Manufacturing Limited, a nationally recognised specialist in engineered roof trusses, joists, and timber frames, supplying to national house builders
  • The property will be let for a term of 15 years on completion of sale
  • Lease subject to five yearly CPI-linked rent reviews, collared and capped at 1% and 3% per annum compounded
  • Rent of £285,000 per annum (low average of £4.39 per sq. ft.)
  • Freehold

 

Offers sought in excess of £3,500,000, subject to contract, which reflects a net initial yield of 7.58%. The price equates to a low capital value of £53.90 per sq. ft. and £845,000 per acre.