Savills, on behalf of a private client, is marketing five industrial units – Units 5a, 5b, 5c ,6 and 7 – at Corinium Industrial Estate in Amersham, seeking offers in excess of £3.65 million, reflecting a net initial yield of 5.73%.
The five units total 25,214 sq ft and generate an annual rent of £222,907 with an unexpired term of 4.9 years to lease expiry and 4.5 years to break options.
Other occupiers on the wider Corinium Industrial Estate include CEF, Advanced Optical, HMF Tools and fixings and Dentfix. The Estate is connected with excellent road links with the M25 five miles to the east, via the A404, providing quick access to the national motorway network.
Tom Scott, director in the business space investment team at Savills, says: “The Corinium Industrial Estate is an established logistics and warehousing location, situated in the affluent London commuter town of Amersham. The units offer an attractive yield with further redevelopment potential in the medium to long term, subject to the necessary planning and consents. Well-located industrial units are attracting significant investor demand, especially in locations with such good links to London and the surrounding commuter areas, and as such we expect significant interest from a range of investors on this sale.”
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