Worcestershire industrial investments come to market

Investments in two large industrial units in Droitwich have come to the market.

The long leasehold investments are available on unit 20/22 and unit 23 on Hampton Lovett Industrial Estate, Droitwich’s main industrial and commercial area, two miles south of Junction 5 of the M5 and six miles north of Worcester and Junction 6 of the M5.

Unit 23 is 32,334 sq ft industrial property, let on a new 15 year FRI lease to a tenant with a Grade A covenant, producing a gross annual rental income of £130,000.

Unit 20/22 is a 20,140 sq ft warehouse property, let on an FRI lease expiring August 2021 to a tenant with a Grade A covenant, producing a gross annual rental income of £88,000 a year.

Andrew Lewis, head of agency at GJS Dillon, said:: “These investments will deliver a good net initial yield in a market where industrial investments are increasingly sought after.  As a result we expect strong interest in both properties.”

Guide prices are offers from £1.25m for Unit 23 and from £750,000 for Unit 20/22.