Commercial property
Under Offer
Freehold Securely Let Warehouse Investment, Warburtons Ltd, 16-18 Brunel Way, Thetford, Norfolk

Investment for sale
£1,530,000 / NIY 8%
Summary
  • 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
Done
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