Status: Available
Terms: For Sale
Price: £7,500,000
Yield: 7.27%
Hymatic Engineering, Moons Moat North, Redditch B98 9HJ
Investment Summary
- Located in a highly important and strategic industrial and warehouse territory in the Midlands
- Situated on Moons Moat North Industrial Estate, the town’s principal business and industrial estate located 3 miles east of Redditch town centre
- The property benefits from excellent transport links with access to the M42 Motorway 3 miles to the north
- The property comprises a part single, part two storey office/industrial buildings of 135,803 sq ft (12,617 sq m) and 507 car parking spaces
- Site extends to 9.7 acres (3.92 hectares), providing a very low site coverage of only 27%
- The property is let in its entirety to The Hymatic Engineering Company Limited for a term of 25 years from 19 March 1998 with lease expiry 18 March 2023 (2.5 years unexpired)
- The Hymatic Engineering Company Limited are a wholly owned subsidiary of Honeywell International Inc, the global industrial conglomerate with NYSE Market Cap of circa $117bn
- Total income of £582,000 pa, reflecting a low rent of only £4.28 psf
- Local industrial occupiers include John Lewis, Amazon Inc (360,000 sq ft facility under construction), Lear Corporation, Thorlux Lighting & Morgan Advance Materials
- Freehold
- Significant asset management opportunities
We are instructed to seek offers in excess of £7,500,000 (Seven Million, Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level would reflect a Net Initial Yield of 7.27%, assuming purchaser’s costs of 6.66%. This pricing shows a low capital value of £55.22 per square foot.
Highly Prominent Freehold Industrial Investment
Burnt Meadow Rd, Moons Moat North Industrial Estate, Redditch B98 9HJ, UK
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