Hartlebury Trading Estate

Hartlebury Trading Estate

• The largest industrial estate in Worcestershire, Sold for Valad Property Group for £46.5m

• The Hartlebury Trading Estate is the largest industrial  estate in Worcestershire and one of the largest continuous single industrial ownerships in the Midlands with a total site area of 180 acres.

• The trading estate comprises 182 units let to 85 businesses which employ circa 2,500 people.
• The trading estate is strategically located 23 miles south of Birmingham, 74 miles north of Bristol and 130 miles north west of London.
• The estate has excellent road communications being only 7.5 miles north west of junction 5 and 11.5 miles from junction 6 of the M5 motorway.
• The estate has a total oor area of 1,432,762 sq ft of which 96% is industrial use with individual unit oor areas ranging from 563 sq ft – 111,360 sq ft.
• Hartlebury Trading Estate is owned freehold and is let to a total of 85 tenants under 99 leases. The average weighted unexpired lease term to expiry is 5.72 years and to break is 4.07 years. 
• The total rent reserved under the leases is £4,851,394 pax  re ecting an average industrial rent of £3.61 per sq ft (including top ups) and an average of ce rent of £9.13 per sq ft. We consider the ERV of the 182 commercial buildings to be £5,619,969 pax.
• Low void rate of circa 9.7%.
• Valuable in built reversions over the next 12 months.
• The tenants are a mix of local, regional and national companies.
• The property offers a purchaser numerous asset management opportunities including:  
  • Letting of vacant units.  
  • Negotiating the removal of tenant break options.  
  • Relocating tenants within the extensive ownership.  
  • Extending existing lease terms.  
  • Development.