Cogent Real Estate have been instructed to sell the virtual freehold interest in a prime warehouse located on Cradley Heath Business Park in Birmingham.

The current owner Kingfisher Industrial have been trading for over 25 years and have asked Cogent Real Estate to undertake a sale and leaseback to help them release capital tied up in the property. Kingfisher, one of the UK’s leading steel fabricators have occupied the property since 2008 and have invested a significant amount of money into the property and therefore wish to remain on site.

Kingfisher are offering to take a 10 year lease subject to a upwards only rent review in year 5 and will pay £165,000 per annum (£4.79 psf).

We are instructed to seek offers in excess of £2,150,000 reflecting a NIY of 7.15%.

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Please contact Gerry Connolly for more details:

Gerry Connolly MRICS

Mobile: 07557 114583

Direct: 0203 369 4000

Email: gc@cogentre.co.uk