Key Features
Net initial yield 7.62%
Low Capital Value (£62 per sq. ft.)
Net Reversionary Yield 8.73% (Assuming Purchaser's costs of 6.55%)
Future Development Potential
Arranged over Two Sites
Combined Total Site Area 2.83 acres
21 Brook Road - EPC rating of D
22 Brook Road (G/F) - EPC rating of D
22 Brook Road (F/F) - EPC rating of E
Contact
Property Description
21 Brook Road provides a single storey industrial unit with two storey offices to the front and single storey industrial space to the rear. Loading facilities are provided to the side, with on site parking to the forecourt, to the rear of the site, plus 23 allocated additional spaces at 22.
22, opposite 21, comprises a detached two storey property providing industrial/storage accommodation with loading doors to the ground floor, with offices at first floor level. Each floor is self contained, with allocated parking.
INVESTMENT SUMMARY
21 Brook Road is let to Fisco Tools Ltd, whose ultimate holding company is AB Latour. Fisco have an Experian Credit rating of 100/100 and are considered a "Very Low Risk".
22 Brook Road, ground floor, is let to GCS Automotive Services Ltd.
Location
The premises front Brook Road, forming part of a well-established Industrial Estate, lying immediately to the north of the A127 Southend Arterial Road at the junction with the A129 at the Rayleigh Weir Inter-change. The premises benefit from good road communications throughout the South East Essex area with direct links to the M25 motorway, approximately 15 miles distant.
