Investment – Nexus Point: Birmingham
Sale Price: £3.25m
Acting for DTZ Investors, Harris Lamb successfully purchased a purpose-built training facility occupied by manufacturing support and training firm EEF.
The team represented the business in a very competitive bidding processsin order to secure Unit 3, Nexus Point.
A high specification modern warehouse with integral offices set in 2.35 acres, a self-contained yard and 68 parking spaces, the site is used as a training facility for apprentices looking to start a career within the manufacturing and engineering industry.
EEF’s 15-year lease expires on 31st August 2028, with tenant-only break options in 2019 and 2023. With a passing rent of £175,393.35 and a good deal of growth in the rent over the term of the lease, the sale represented a high quality, lucrative investment opportunity for the client.
- ADVICE ON ASSET CLASS
- INVESTMENT & BROKERAGE SERVICES
- CASH FLOW ANALYSIS
- FUND COMPOSITION AND STRUCTURING