Willtell Works Industrial Estate, Lichfield
For Sale - £1,000,000
Extending to approximately 0.72 acres Willtell Works Industrial Estate is a former brewery which was originally occupied by Lichfield Brewery. The estate is located just off the A51 (an extension of the main A38 arterial route) providing easy access to Motorway links (M6 toll).
The estate is based in Lichfield which is an affluent cathedral city in Staffordshire, situated approximately 16 miles from Birmingham.
The units are all constructed of traditional brick up to roof level with roofing construction on Units 2-5 being covered with profile metal sheeting and the remainder being clay tiled. ‘Willtell Lodge’ which fronts Upper John Street (a busy main road) houses a successful Nursery which boasts many impressive original features.
The estate is income producing in the amount of £82,362 per annum which reflects full occupancy, all leases are prepared on Fully repairing and insuring terms with all but one tenant being on fixed terms(details on attached tenancy schedule).
Accommodation on site ranges from 580 sq ft to 3400 sq ft – the anchor tenant being James Hargreaves(PM) Ltd – a national plumbing merchant having an estimated net worth of around £5,000,000. They occupy Unit 6 on the estate which serves as both a trade counter and bathroom showroom having undergone a significant recent refurbishment – a 10 year fully repairing and insuring lease commencing 01/09/2017 is in place
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