Commercial property
Freehold Industrial Investment and Development Land - Gipping Way, Stowmarket

  • Important 16.44 acre town centre industrial investment with development land
  • Extensively refurbished single let 192,003 sq ft production and warehouse facility fully let to Bosch Lawn & Garden Ltd on FR&I terms with a lease expiring 01/01/2028 giving 9.8 years unexpired (5.8 years to break) with a rent review at year 5
  • Lease guaranteed by Robert Bosch Gmbh (turnover €73bn December 2016)
  • Rental income of £615,000 per annum exclusive, reflecting £3.20 per sq ft overall on the unit let to Bosch
  • 7.36 acres of additional development land with partial A1 planning consent
  • We are instructed to seek unconditional offers in excess of £9,000,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of
    8.00% and a low capital value of £37.54 per sq ft on the Bosch facility and a capital value of £1,800,000 for the development land, assuming purchaser’s costs of 6.68%
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