Northgate Business Park Northgate

Location:

Aldridge forms part of the borough of Walsall, which in turn forms part of the Black Country, a well recognised area of the West Midlands, c10 miles north west of Birmingham city centre, 9 miles east of Wolverhampton, 15 miles south of Stafford and 9 miles west of Tamworth.

The Black Country is renowned for its manufacturing and engineering base, home to over 1.25m people, with excellent connectivity meaning that 90% of the UK’s population is accessible within a 4 hour drive.

Investment Summary:

Located in Aldridge, West Midlands, 4.3 miles from J10 of the M6, 3.7 miles from J T6 M6 Toll and 10 miles north west of Birmingham city centre.

Long established industrial location with a plentiful local workforce to hand.

The property comprises a multi let industrial estate of 9 units, totalling 111,352 sqft, plus a c0.6 acre vacant secure surfaced yard.

Significant 475 ft road frontage to Northgate, a major arterial route from the A5 and M6 Toll.

Separate access at the rear of the estate

Let to 6 tenants on 8 leases with a WAULT of 6.09 years to expiries and 3.55 years to breaks.

67% of the floor area is let on terms outside the protection provisions of the L&T Act 54, or with a mutual break clause.

Producing a reversionary income of £664,946 pax (£5.97 psf).

Freehold.

Site area of 6.6 acres (2.67 ha), giving a very low site density of 36%.

Prospects for redevelopment over time, subject to planning.