SUMMARY
ESTATE SUMMARY
Total Units
119 Units + 64 open storage areas
Vacant Units
18 Units + 29 open storage areas
Vacancy Rate (sq ft)
34%
Occupiers
94
Total Contracted Gross Income
£1,108,167 per annum
Net Operating income
£845,969 *(Nov 2023 – Oct 2024)
Average Passing Rent
£3.59 per sq ft – Buildings
£0.32 – Open Storage
Estimated Rental Value (ERV)
£2,089,142 per annum
ERV per sq ft
£4.59 per sq ft – Buildings
£0.60 – £0.90 per sq ft – Open Storage
Reversionary Percentage
75% (Excluding Potential Development Sites)
WAULT
1.0 year to expiry (The units are generally let on 12 month licences)
PROJECTED RENTAL PERFORMANCE


