Buntsford Business Centre, Buntsford Drive, Bromsgrove, Worcestershire, B60 3FR

Key Features

High Spec 2024 Development
Six Self-Contained Units
Total GIA 22,794 sqft (2,118 sqm)
Gross Income £230,268
Secured Fenced & Gated Site
Freehold

Property Description

Buntsford Business Centre is a virtually brand new development of six self-contained Light Industrial Units constructed to a high standard throughout. The Properties are constructed in two opposing terraces within a fenced and gated development. Each unit benefits from a lofty eaves height of approximately 23'4" (7.13m) with male and female WC’s, shower, kitchenette and LED lighting.

The Units have the following Gross Internal Areas:
Unit 1 - 6,295 sqft
Unit 2 - 4,160 sqft
Unit 3 - 2,120 sqft
Unit 4 - 4,202 sqft
Unit 5 - 2,120 sqft
Unit 6 - 2,110 sqft plus mezz 1,787 sqft. Total 3,897 sqft

The total GIA is 22,794 sqft (2,118 sqm).

Repairing Obligations

All leases are on FRI terms.

Tenure

Freehold - subject to the below tenancies.

Proposal

We are instructed to seek offers of £3,400,000 (plus VAT) subject to contract, which equates to a Gross Yield of circa 6.77% excluding costs. This equates to an overall capital value of £149 per square foot. For the sake of completeness the sale will include the Estate Road.

Rateable Values

Unit 1 - £39,250
Unit 2 - £28,000
Unit 3 - £20,750
Unit 4 - £28,500
Unit 5 - £15,250
Unit 6 - £30,250

Services

All mains services, save for gas, are connected.

Legal Fees

Each party to bear their own legal fees.

Tenancy Schedule

Unit 1 - Let to VIN-X Ltd for 5 years from 14 May 2024 at £66,118.50pa.
Unit 2 - Let to Architectural Wallz (Ltd) Ltd for 5 years from 28 March 2024 at £43,669.50pa. Tenant Break Option 28/3/28.
Unit 3 - Let to Ortlinghaus UK Ltd for 5 years from 22nd July 2024 at £22,722pa. Tenant Break Option 22/7/27.
Unit 4 - Let to Euro-Cut Abrasives (G.B) Ltd for 5 years from 1st November 2024 at £44,058pa. Tenant Break Option 1/11/2027.
Unit 5 - Let to Lumina Innovations Ltd for 5 years from 1 May 2026 at £23,500pa. Tenant Break Option 30/4/29.
Unit 6 - Let to Elite Oils Ltd for 5 years from 1st January 2025 at £30,200pa. Tenant Break Option 1/1/28.

EPC

All units are rated in Band C.

Location

Buntsford Business Centre is a brand new development located on Buntsford Gate to the south east of Bromsgrove Town Centre with convenient access to the M5 motorway at Wychbold (Junction 5) approximately 4 miles to the south or at Lydiate Ash (Junction 4) approximately 5 miles to the north. Access can also be gained to Junction 1 of the M42 via the A38, approximately 3 miles to the north.