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To Let

Units 403/404, 405, 601/602 Copper Smith Way, and Unit 702 Penfold Drive, Gateway 11 Business Park, Wymondham, Norfolk NR18 0WY

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For Sale

Units 403/404, 405, 601/602 Copper Smith Way, and Unit 702 Penfold Drive, Gateway 11 Business Park, Wymondham, Norfolk NR18 0WY

Freehold

£9,785,000 / NIY 5.60%

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Opportunity to acquire 89,764 sq ft of industrial / warehouse accommodation across 4 units let to 4 separate tenants, providing an AWULT of 14.75 years to lease expiry and 7.5 years to breaks

Property specification

  • Total income of £584,645 per annum exclusive which equates to £6.51 per sq ft overall
  • 68% of income let to D&B rating of 3A1 or above
  • 3.837 acres (2.184 hectares)
  • Freehold
  • Offers are sought in excess of £9,785,000 subject to contract and exclusive of VAT for the freehold interests, reflecting a net initial yield of 5.60% and a reversion to 5.71%, allowing for purchaser’s costs at 6.69%
  • This reflects a capital value per sq ft of £109

Location

Modern warehouse units located on the well-established Gateway 11 Business Park, adjacent to the A11, 8 miles south of Norwich

Location

Modern warehouse units located on the well-established Gateway 11 Business Park, adjacent to the A11, 8 miles south of Norwich

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