Commercial property Sold
Freehold Securely Let Warehouse Investment, Warburtons Ltd, 16-18 Brunel Way, Thetford, Norfolk
Investment for sale
£1,530,000 / NIY 8%
Warehouse investment located on one of Thetford’s main industrial estates close to the A11.
The site provides 1.114 hectares (2.75 acres) and has a low site cover of 21%.
The property comprises 2,542.80 sq m (27,371 sq ft)
Recently over sheeted roof
Let entirely to Warburtons Ltd (5A1 covenant with a turnover of over £½ billion) until November 2027 - 9 years unexpired
Total income of £130,000 per annum (£4.25 per sq ft for the warehouse, based on £25,000 per acre for the additional yard area assuming 40% site cover)
Offers in excess of £1,530,000 for the freehold interest, subject to contract and exclusive of VAT. This reflects a net initial yield of 8%, based on standard purchaser's costs of 6.11% Low capital value rate of £55.89 per sq ft
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