A major industrial investment property in St Ives, near Cambridge, is now available for purchase through Cheffins. Brunel Court provides six versatile business units, all of which have been recently re-let , and is currently generating an income of £131,500 per annum. The investment is being sold on behalf of a private landowner.
Alexander Smith, Surveyor at Cheffins says:
“Brunel Court provides a compelling investment opportunity. Our guide price of £1.55M reflects a net yield of 8% and low capital value of just £79 per square foot, which represents value rarely seen in the local investment market. There is a good mixture of local and national occupiers at Brunel Court who have all recently signed long term leases, and they are paying rents that reflect the strength of demand for units in this area.
Situated at the heart of the St Ives industrial estate, the property is in an established commercial location which is home to a range of high-profile businesses, including Screwfix, Jewson, Acushnet, SIG Roofing, and HSS. As demand and take up levels have increased, the industrial estate has seen consistent rental growth, and the best specified units locally are now commanding rents in the region of £10 - £10.50 per square foot.
Over the past 10 years, the industrial sector has quietly delivered consistent rental growth and robust occupier demand across the wider Cambridge region. For those taking a long-term and strategic approach, Brunel Court offers not only stable income but also the potential for significant capital appreciation.”
Brunel Court was bult in the late 1990s and consists of six industrial units in one row. Internally, each unit provides open plan warehousing, as well as offices, kitchens and other amenities. Each unit comes with a minimum of seven parking spaces. The units all have planning permission for light industrial, storage, and other business uses under Use Class E.
It has a guide price of £1,550,000
For more information, contact the Cheffins Commercial Department on 01223 271 970, alexander.smith@cheffins.co.uk