Parkside Industrial Estate, Wolverhampton , WV1 2EN
Sold
Ref No. JLLATC44560
Investment

Location Parkside Industrial Estate, Hickman Avenue, Wolverhampton , WV1 2EN, Staffordshire, West Midlands

Size 126747.00 ft2
(11774.80 m2)

Description


Two well established and fully let industrial estates;
Two Multi-Let Industrial Investments
 
Parkside Industrial Estate, Wolverhampton
Windmill Road Industrial Estate, Loughborough
 
21 units in total providing 11,774.80 sq m (126,747 sq ft) of accommodation.
Fully let to 11 tenants in total providing a total rent of £493,078.50 per annum.
72% of income secured against Parkside Industrial Estate, Wolverhampton and 28% of income secured against Windmill Road Industrial Estate, Loughborough.
High-profile tenants include Hickman Industries, Linvic Engineering, Concept Steels, Rhondama and Event Engineering.
Average weighted unexpired lease term of 4.75 years to lease expiries and 2.65 years to break options.
Significant asset management opportunities including undertaking lease renewals/regears and the potential for future alternative use (subject to planning).
Freehold.

Parkside Industrial Estate, Wolverhampton

The property comprises 11 single storey warehouse units, built as 3 terraces and arranged around a central estate road. The units vary in size from 457.53 sq m – 1,302.18 sq m (4,925 sq ft – 14,017 sq ft). Some of the units have been combined to suit tenant operations.


Built in the 1970s, the units benefit from a minimum eaves height of 5 metres and are of steel portal frame construction, with low level brick cladding with metal cladding above. Internally each unit benefits from a concrete floor, translucent roof lights, and ancillary office accommodation. Externally each unit benefits from roller shutter loading doors, service yard and car parking facilities. 

The site is accessed via Hickman Avenue and secured by perimeter steel fencing and front security gate.  The site is regular in shape and extends to approximately 1.95 hectares (4.82 acres),
providing a site coverage of approximately 47%.

Windmill Road Industrial Estate, Loughborough

The property comprises 10 single storey warehouse units, built as 3 terraces and arranged around a central estate road. The units range in size from 196.67 sq m – 352.09 sq m (2,117 sq ft – 3,790 sq ft), providing occupational flexibility. Some of the units have been combined to suit tenant operations.

Built in phases during the late 1970s, the units benefit from a minimum eaves height of 4.5 metres and are of steel portal frame construction, with full height brick cladding. Internally each unit benefits from a concrete floor, translucent roof lights, and ancillary office accommodation. Externally each unit benefits from either concertina or roller shutter loading doors, front service yard and car parking facilities. 

The site is accessed via Beeches Road / Windmill Road and secured to three boundaries by perimeter steel fencing and front security gate, with the eastern boundary adjoining the Grand Union Canal.  The site is regular in shape and extends to approximately 0.69 hectares (1.71 acres), providing a low
site coverage of approximately 40%.

Property Type Industrial/logistics

Initial Yield 8.47%

Property Contacts:

  • Ben Kelly
    +44 (0)121 270 7143
  • Allan Wilson +44 (0)121 214 9941
Property Location:



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