Units D1-D2, Austin Way, Hamstead Industrial Estate, Birmingham
£1,295,000 Freehold
PHOTO-2022-10-24-13-07-28 (1) (1)_20230125164908.jpg-Units D1-D2, Austin Way, Hamstead Industrial Estate, Birmingham PHOTO-2022-10-24-13-07-28 (2) (1) (1)_20230125164908.jpg-Units D1-D2, Austin Way, Hamstead Industrial Estate, Birmingham PHOTO-2022-10-24-13-07-28 (3)_20230125164908.jpg-Units D1-D2, Austin Way, Hamstead Industrial Estate, Birmingham Screenshot 2023-01-25 150730_20230125164908.jpg-Units D1-D2, Austin Way, Hamstead Industrial Estate, Birmingham
[Under Offer]
Detached Industrial Unit of Freehold Tenure, Currently Let at £100,000 PA on a Site Area of 1 acre approx.

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Key Facts - Birmingham 10,000-25,000 For Sale Investment
Location
Birmingham
Description
The property comprises a detached industrial unit with two storey office building.

The industrial space has been recently refurbished and benefits from 4x roller shutter doors on an enclosed site with extensive yard and perimeter palisade fencing.

The property is located on Hamstead Industrial Estate 4 miles North of Birmingham City Centre.

The site is strategically located approx. 1.8 miles from J7 of the M6 motorway and approx. 3 miles from J1 of the M5 motorway.

It is approx. 4.6 miles from J6 of the M6 via the A38(M).

• M6 J7 - Approx. 1.8 miles
• M5 J1 - Approx. 3 miles
• M6 J6 - Approx. 4.6 miles
• Birmingham City Centre - 4 miles
Lease Terms
Offers in excess of £1,295,000 are sought, subject to contract reflecting NIY of 7.38% (when assuming purchasers’ costs of 4.69%) and a low underlying Capital Value of £67.50 ft2.

The property is let to Steer Automotive Group Limited on a 10-year lease from 18th February 2022.

The rent is currently £100,000 per annum exclusive payable monthly and is reviewable 5 yearly to open market value.
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