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Kepler
Tamworth B79 7XE
Meltex House · Office Property For Sale · 13,963 SF
Investment Highlights
- Open plan two storey office building
- Good road links
- Ample car parking
Executive Summary
The property comprises a building of masonry construction arranged over two floors offering industrial accommodation within. The building is located on the Lichfield Road Industrial estate off Kepler, but close to its junction with Mariner. Lichfield Road Industrial Estate is to the North West of Tamworth town centre. The property is 1.5 miles from the A 5 which provides excellent access to the M42 and the A38.
PROPERTY FACTS
| Unit Size | 4,515 SF | Floors | 2 |
| No. Units | 1 | Typical Floor Size | 6,982 SF |
| Total Building Size | 13,963 SF | Year Built | 1980 |
| Property Type | Office (Condo) | Tenancy | Single |
| Sale Type | Investment | Parking Ratio | 3.07/1,000 SF |
| Building Class | C |
| Unit Size | 4,515 SF |
| No. Units | 1 |
| Total Building Size | 13,963 SF |
| Property Type | Office (Condo) |
| Sale Type | Investment |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,982 SF |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 3.07/1,000 SF |
1 Unit Available
Unit C
| Unit Size | 4,515 SF | Tenure | Freehold |
| Condo Use | Office | Cap Rate | 6.88% |
| Sale Type | Investment | NOI | $41,677.19 |
| Unit Size | 4,515 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 6.88% |
| NOI | $41,677.19 |
Description
The accommodation is spread over two floors and was originally all open plan but the tenant has installed some partitioning to create private office areas. Each floor benefits from separate WC’s and small kitchenette areas, the rear car parking is gated and fully fenced.
Sale Notes
The property is freehold and is sold subject to the existing lease from March 2019 for 6 years to J Murphy & sons at a current passing rent of £33,000 per annum, subject to a break at the end of year 3 of the lease.
Amenities
- 24 Hour Access
- Accent Lighting
- Energy Performance Rating - C
- Energy Performance Rating - D
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