1 Bilton Road, Chelmsford, ESSEX, CM1 2UP, UK

BILTON ROAD INDUSTRIAL ESTATE, BILTON ROAD, CHELMSFORD, CM1 2UP

Asset description

Fully let prime industrial estate with excellent reversionary potential
The asset comprises 12 industrial units, ranging from 7,650 to 25,868 sq ft and totalling 164,324 sq ft GIA.
The total site area of 8.02 acres provides a low site coverage of 47%.

...

Building area Gross

15,236 sm

Occupancy

100.00%

Year built

2000

Property Reference Number

200004641823

Total Headline Rent of £1,411,209, which equates to a low rent of £8.59 per sq ft.
The estate is fully let to 12 tenants for a WAULT to expiry of 10.1 years and a WAULT to break of 9.2 years.
There is the opportunity to increase the income of the estate by over 28% within a short time frame, with c.50% of the income being subject to a lease event in the next 2 years.