Netherton Workshops
New Road, Bridgnorth, WV16 6NNThe Space
FULLY-LET MODERN INDUSTRIAL INVESTMENT OPPORTUNITY IN ESTABLISHED LOCATION
At a glance
| Property Type | Industrial / Investment |
| Tenure | For Sale |
| Size | 5,995 sq ft |
| Price | Offers in the region of £365,000 |
| Energy Performance Rating | Upon enquiry |
Kidderminster
140 mins
Blakedown
173 mins
Hagley
192 mins
Stourbridge Town
195 mins
Reading
1751 mins
Chesham
1753 mins
Amersham
1781 mins
Twyford
1795 mins
Key Points
- Terrace of five modern warehouse/workshop units ranging from 1,000-1,489 sqft
- Fully let to a range of tenants.
- Manageable accommodation each with integral office and W.C facilities.
- Each having front roller shutter loading doors, LED lighting and concrete floors.
- Excellent location on the fringe of Highley in an established mixed commercial and residential area.
Description
The property comprises a terrace of five modern warehouse/workshop units ranging from 1,000-1,489 sqft, and extending in total to approx. 5,995
sqft (556.91 sqm).
The units comprise manageable accommodation each with integral office and W.C facilities having front roller shutter loading doors, LED lighting and concrete floors.
Each unit benefits from forecourt loading and car parking areas with additional overflow parking to the side of the units.
Available area
The accommodation comprises the following areas:
| Description | sq ft | sq m |
|---|---|---|
| Unit 1 | 1,489 | 138.33 |
| Unit 2 | 1,005 | 93.37 |
| Unit 3 | 1,000 | 92.90 |
| Unit 4 | 1,005 | 93.37 |
| Unit 5 | 1,496 | 138.98 |
| Total | 5,995 | 556.95 |
The Location
The property occupies an excellent location on the fringe of Highley in an established mixed commercial and residential area with convenient access to a range of amenities.
Highley is a rural town located between Bridgnorth and Kidderminster being located on the B4555 and supports a range of national and independent traders.
The town is well connected to the main road network being approximately 8 miles south of Bridgnorth via the B4555 which in turn links to the A442 trunk road, and 12 miles north west of Kidderminster via the B4194.
Terms
The property is fully let to a range of tenants who have been in occupation for a long period generating an annual rental income of £26,085 exclusive. In addition, the tenants pay a fixed service charge of £11,563.92 including a contribution from Shropshire County Council for their adjacent property of £4,380.36.
All the tenants are currently ‘holding over’ under the terms of their respective leases which are held on a tenants’ internal repairing basis.
The property offers scope for future rental growth and active management and/or ‘break up’ opportunities.