Portman Road Estate Disposal
Portman Road, Reading, Berkshire, RG30 1EA, UK
6 026 mètres carrés
Descriptif
West 303 Sparkford, originally the home of Haynes Publishing Group, the world’s largest publishers of automotive manuals, having produced and sold over 200m copies since the early 1970s. Haynes Publishing, to this day, remains in occupation.
The estate has recently been extensively refurbished and reconfigured to provide a number of self-contained units, the majority of which are steel portal-framed structures occupied as warehouses, light manufacturing, and offices.
Two of the larger occupiers, Yapp Bros and Emtech Hatchery Systems, have undertaken significant tenant improvements, further enhancing the buildings and their long-term commitment to the estate.
In general, the buildings comprise:
• Open span steel portal frame structures for the majority of the buildings
• Profile steel cladding with stone at lower levels
• Electrically operated up/over Roller Shutter doors and steel personnel doors
• Security perimeter fencing throughout
• Substantial main car park for circa 65/70 Cars
• A combination of Warehousing, manufacturing and offices
...
Attributs
Superficie du bâtiment nette
7 671 mètres carrés
Occupation
100 %
WAULT
12.37 années
Prix demandé
11 233 000 $
Média
Points forts de l'investissement
- Yeovil is a historic and prosperous market town with a population of c 65,000
- Easy access to the A303 trunk road, providing the main access road through the heart of Somerset, linking into the M5 at Exeter
- West 303 comprises a multi let industrial estate which has undergone significant recent refurbishment
- Tenants have also undertaken significant capital improvements to their units, highlighting their commitment to the buildings
- 82,574 sq ft (7,671.31 sq m) GIA of industrial and office accommodation
- Site area of 4.3 acres, with 0.72 acres of excellent parking provision
- Freehold
- Rental income of £496,750 per annum exclusive
- Low base rent of only £6.02ft overall with strong growth potential
- Strong income stream with AWULT of 12.37 years to expiry, and 3.85 years to break
- 95% of the income headquartered on the estate
We are instructed to seek offers in excess of £6,000,000 (Six Million Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 7.76% (assuming purchaser's costs of 6.71%). This equates to a capital value of only £72.66 per sq ft.
Contactez les courtiers
West 303, Sparkford, Yeovil, BA22 7JJ (0 Propriétés)
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Dernière mise à jour
10 sept. 2025
