Prime South East Multi-Let Industrial Estate
In March 2017, Joiner Cummings advised on the sale of this multi-let industrial estate for an institutional fund.
- Prime South East multi-let industrial estate in Maidenhead situated in an established commercial area 0.7 miles north of the town centre.
- Central Estate comprises eight industrial units providing a total gross internal area of 22,582 sq ft.
- Site area of 1.25 acres (0.508 hectares) providing a site cover of 42%.
- Fully let to five tenants on six leases, providing an average weighted unexpired term of 6.8 years to lease expiries and 2.8 years to lease breaks.
- Total rental income of £206,561 per annum, reflecting a low overall passing rent of £9.15 per sq ft and offering strong prospects for rental growth.