Wainwright Road, Worcester, WR4 9FA, UK

Berkeley Business Park, Worcester

Asset description

The estate is ideally located within half a mile of J6 of the M5 Motorway and in very close proximity to Worcester City Centre.
The estate comprises 7 modern properties ranging in size from 4,963 sq ft to 47,291 sq ft and totalling 152,712 sq ft.
Total site area of 11.45 acres (4.63 hectares), providing a very low site cover of c.31%.

...

Building area Gross

14,187 sm

Occupancy

94.00%

Year built

2000

An opportunity to acquire a highly reversionary modern industrial and logistics park, located in a highly sought after West Midlands location.
There is the opportunity to increase the income of the estate by over 20% within a short time frame, with 71% of the income being subject to a lease event in the next 2 years.
The business park is 94% let with only one vacancy and the estate provides a headline income of £1,056,630 pa, equating to a very low £6.92 psf.