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Astra Engineering Products Ltd

For sale: £3,500,000.00|54682 Sq Ft|Other, General Industrial, Other Property Types & Opportunities, Industrial

PROPERTY DETAILS

FOR SALE£3,500,000.00
SIZE54682 Sq Ft
ADDRESSAstra Engineering Products Ltd, Queens Road, Aston, Birmingham, B6 7NH
TYPEOther, General Industrial, Other Property Types & Opportunities, Industrial
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON20th October 2020

DESCRIPTION

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.

LOCATION

Location: Astra Engineering Products Ltd, Queens Road, Aston, Birmingham, B6 7NH

Aston (0.3 miles)

Witton (0.5 miles)

Perry Barr (1.2 miles)

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