Sold
Units 403-404, 405, 601/602 Copper Smith Way, & Unit 702 Penfold Drive, Gateway 11 Business Park, Wymondham, Norfolk, NR18
Freehold
£9,785,000 / NIY 5.60%
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
- £9,785,000 / NIY 5.60%
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
Train Stations
- Wymondham 1.85km
- Spooner Row 5.81km
- Attleborough 10.47km
- Norwich 12.70km
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