FOR SALE - Savills are delighted to offer to market Astra Engineering Ltd, Aston, Birmingham, B6 7NH
- Fully let to Astra Engineering Products Limited, which has been in occupation since the 1980s.
- Recently extended lease (no breaks) expiring September 2039 (19 years unexpired).
- A low passing rent of £227,500 p.a. from a fixed rent review in September 2020, reflecting £4.16 psf.
- Total floor area of 54,682 sq ft (5,080 sq m) including 4,969 sq ft (461 sq m) of accommodation across a gatehouse, canopy and mezzanine, set on a 2.6 acre site with 48% coverage.
- The property is predominantly held freehold (1.84 acres), incorporating all built accommodation, with a proportion of the ancillary yard (0.72 acres equating to 28% of the site) beneath the A38(M) held long leasehold from Birmingham City Council at a peppercorn rent.
We are instructed to seek offers in excess of £3,500,000 / 6.10% NIY, subject to contract and exclusive of VAT.