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Sweet Briar Road Industrial Estate, Norwich, Norfolk, NR3 2BS

£3,950,000 Freehold

A commercial freehold multi-let ground rent investment Well located in one of Norwich's most established industrial locations 37 plots let on 125 year leases at a current rent of £137,869 pax Current ERV circa £195,373 Asset management opportunities to enhance income Available freehold at a price of £3,950,000 A purchase at this level reflects a net initial yield of 3.33% after purchaser's costs, with potential to increase to 4.72% following reviews.

DETAILED DESCRIPTION

The property comprises a multi-let freehold industrial ground rent investment opportunity, extending to 37 plots held on individual leases, currently producing a total rent of £137,869 pax.

The plots comprise a substantial part of the Sweet Briar Industrial Estate, and are situated on …

A commercial freehold multi-let ground rent investment Well located in one of Norwich's most established industrial locations 37 plots let on 125 year leases at a current rent of £137,869 pax Current ERV circa £195,373 Asset management opportunities to enhance income Available freehold at a price of £3,950,000 A purchase at this level reflects a net initial yield of 3.33% after purchaser's costs, with potential to increase to 4.72% following reviews.

DETAILED DESCRIPTION

The property comprises a multi-let freehold industrial ground rent investment opportunity, extending to 37 plots held on individual leases, currently producing a total rent of £137,869 pax.

The plots comprise a substantial part of the Sweet Briar Industrial Estate, and are situated on Burnet Road, Page Road and Frensham Road, all of which have been adopted by the local authority.

The site area of the plots totals some 11.33 acres (4.59 hectares).


LOCATION


The Sweet Briar Industrial Estate is situated approximately 3 miles northwest of Norwich City Centre, adjacent to the A140 Sweet Briar Road, which forms part of the outer Ring Road.

The estate lies within a well-established industrial area, close to the Asda Superstore, CarShop car supermarket, the Sweet Briar Retail Park and Hellesdon Hall Industrial Estate.

Occupiers on the wider Sweet Briar Industrial Estate include Amazon, Johnstone's Paints, Rexel Norwich, Cromwell Tools and Volvo Truck & Bus Centre.

Norwich Ring Road Location

37 Plots producing £137,869 pax

Established Industrial Estate

Asset Management Opportunities

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