Log In/Sign Up
Your email has been sent.
Selco Trade Centre 292-296 Wharfdale Rd 34,170 SF Industrial Building Birmingham B11 2DT $7,210,496 CAD ($211.02 CAD/SF) 5.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Tyseley is an industrial and residential destination 3 miles east of Birmingham City Centre
- 30 customer car parking spaces
- Opportunity to negotiate a reversionary lease with the tenant to secure additional term and capture significant reversion
- The property occupies a prominent site at the junction of the A4040 / Stockfield Road and the B4146 / Wharfdale Road
- The tenant has been in occupation of the site for over 20 years but has a short WAULT of 2.35 years to expiry
- Alternatively, pursue redevelopment of the site, leveraging the low existing site cover to enhance massing
EXECUTIVE SUMMARY
The asset comprises a single-let trade counter providing 34,170 sq ft of accommodation. The original unit is made up of 3 steel framed bays with a trussed roof. In 2006, a modern steel portal framed extension was added to the rear.
Instructed to seek offers for the freehold interest in excess of £3,910,000 (three million nine hundred and ten thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 5.75%, an attractive reversionary yield in excess of 7.25%, and a low capital value of £115 per sq ft, assuming standard purchaser’s costs of 6.53%.
Instructed to seek offers for the freehold interest in excess of £3,910,000 (three million nine hundred and ten thousand pounds), subject to contract and exclusive of VAT.
A purchase at this level reflects a net initial yield of 5.75%, an attractive reversionary yield in excess of 7.25%, and a low capital value of £115 per sq ft, assuming standard purchaser’s costs of 6.53%.
PROPERTY FACTS
| Price | $7,210,496 CAD | Building Class | B |
| Price Per SF | $211.02 CAD | Lot Size | 0.93 AC |
| Sale Type | Investment | Rentable Building Area | 34,170 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Tenure | Freehold | Year Built/Renovated | 1985/2006 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution |
| Price | $7,210,496 CAD |
| Price Per SF | $211.02 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Tenure | Freehold |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 0.93 AC |
| Rentable Building Area | 34,170 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1985/2006 |
| Tenancy | Single |
AMENITIES
- Security System
- Signage
- Storage Space
1 1
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Selco Trade Centre | 292-296 Wharfdale Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.