Commercia House Aspley Close

Location:

Commercia House is located on the popular and established Four Ashes Industrial Estate lying 6 miles to the north of Wolverhampton and 4 miles west of Cannock.

The unit is located on the corner of Aspley Close and Enterprise Drive accessed off Station Drive. Station Drives provides access to the Stafford Road (A449) approx. 0.5 miles to the west and Watling Street (A5) approx. 1.5 miles to the east. The estate is well located for access to the M6 Motorway via Junction 12.

The surrounding area accommodates a broad range of local and national occupiers to include Amazon and Gestamp to the north.

Description:

Commercia House comprises a detached steel portal frame unit with 2 storey offices to the front.

The unit is constructed with full height clad elevations with a lined roof incorporating roof lights above.

Loading access is by way of an electrically operated roller shutter door in the front elevation.

Eaves height is 4.95m. There is a mezzanine storage area providing additional first floor storage with WC and kitchen facilities below.

To the front of the unit there are 2 storey offices providing a variety of partitioned and open plan offices with LED lighting throughout.

Externally, there is a service yard and car park to the front providing 23 parking spaces accessed off Aspley Close.

Investment Summary:

Modern industrial / warehouse building
Established industrial location
Let to Enitial Limited with guarantor from Meritas Scientific Holdings Limited
15 year lease expiry 18th June 2035
Tenant breaks on 31st May 2025 and 2030
Low passing rent £52,000 per annum (£5.78 per sq ft)
Freehold
Seeking offers in excess of £750,000 subject to contract and exclusive of VAT. This reflects a net initial yield of 6.58% after standard purchasers’ costs.