Pinfold Industrial Estate, Bloxwich

For Sale - £800,000

Details

Extending approximately 0.74 acres Pinfold Industrial Estate fronts the busy Pinfold Road with the main bulk of the estate being accessed via Field Close. Benefitting from easy access to Junction 10 of the M6 (3 miles approx) the estate is attractive to tenants and investors alike.

The estate comprises 20 light industrial units housing a variety of commercial users. 18 of which are occupied with only two units currently being vacant (reflecting 90% occupancy). The estate is income producing in the amount of £71,313 per annum with a potential further £4,800 approx per annum to be collected once fully let (see attached tenancy schedule)

All units on site are ‘starter units’ with some being 330 sq ft ranging up to 1216 sq ft. Current rents range from £5.08 per sq ft to as much as £13.45 per sq ft – we feel there is evidence to support rental uplifts
on certain tenants.

The estate is based in a mixed use area and is neighboured by a public house, houses, a public school and a pharmacy, there is medium / long term potential to develop the site to alternative uses (subject to planning).

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