MODERN BUSINESS UNITS
MODERN BUSINESS UNITS SUMMARY
Total Units
10 (4,077 sq ft)
Vacant Units
4 (1,416 sq ft)
Vacancy Rate
35%
Occupiers
6
Total Contracted Income
£40,328 per annum
Average Passing Rent
£15.16
Estimated Rental Value (ERV)
£68,290 per annum
ERV per sq ft
£16.75 per sq ft
Reversionary Percentage
69%
WAULT
WAULT to Expiry 0.9 years
ASSET MANAGEMENT OPPORTUNITIES
- Letting the vacant units 199, 200, 201 and 219 would present a significant opportunity to
unlock their reversionary potential. Due to the modern specification of the units, minimal capital expenditure would be required to attract occupiers. - Units 217 and 220 have expiries within the next 6 months therefore presenting regear opportunities to capture the reversion early in the hold period.
