Boots, Letchworth
UK - Letchworth, Hertfordshire
$12,431,000 | 82,808 sf
Asset description
- The property is in close proximity to the busy A286 (0.4 miles) which provides direct access to the A272 0.6 miles) which connects to the A3 (9.9 miles).
- The estate comprises 26 units ranging from 3,035 sq ft to 25,182 sq ft, totalling 99,318 sq ft.
- The site extends to 5.80 acres (2.35 hectares), providing a low site cover of 39%.
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Attributes
Building area Gross
99,318 sf
Occupancy
100.00%
Year built
2000
Property Reference Number
100062341134
Media
Investment highlights
- A highly reversionary multi-let industrial estate, located in the South-East of England.
- The investment presents the opportunity to increase the income of the estate by c.25% within a short time frame, with 70% of the income being subject to a lease event in the next 2 years.
- Currently producing a headline rent of £673,555 per annum, which equates to a low average rent of £6.78 psf, with excellent prospects for driving rental growth through various asset management initiatives and ‘quick wins’.
Contact brokers
Holmbush Industrial Estate, Midhurst (0 Properties)
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Last updated
May 10, 2023
