Properties

Units 1 – 4 Coppice Trading Estate comprises four industrial buildings (with Units 3 & 4 being combined to offer one unit) built in the early 20th Century. The units are of brick construction surmounted by north light roofing. They have all been maintained to a good standard – with the vacant unit (Unit 2) being ready for immediate marketing.
All the units are accessed off the main estate road with Unit 1 having a large parking/yard area and Unit 4 having a secure gated compound.
All EPCs are rated as E.
Please visit the Market Report which can be found on the GJS Dillon website for commentary on the Wyre Forest Industrial Market.

Accommodation & Tenancy Schedule

Unit 1 – Nicol Transmission (UK) Ltd – 7,615 sq ft / 707.08 sq m @ £33,000 p/a – £4.33 per sq ft
Lease expiry within 2 years

Unit 2 – NP Management Services Ltd – 8,356 sq ft / 776.70 sq m – @ £48,000 p/a – £5.74 per sq ft – New lease for six years (expiry April 2031).

Units 3&4 – True Line Expanded Products Ltd – 19,931 sq ft / 1,852.35 sq m @ £60,000 p/a – £3.01 per sq ft – Holding Over

Total – 35,902 sq ft / 3,336.13 sq m @ £93,000 p/a – £3.38 per sq ft

The above represents an initial yield of 6.71% (excluding any ground rent payable). There is a strong reversionary potential, as shown by the recent letting of Unit 2.

The property is located on Walter Nash Road just off the A451 Stourport Road, approximately two miles south of Kidderminster town centre. This location has easy access to the main A442 Worcester Road. Junction 4 of the M5 motorway and Junction 1 of the M42 motorway are approximately 12 miles away and provide access to the M5 and M42. Birmingham City Centre is situated approximately 20 miles to the northeast and Worcester City Centre is situated approximately 13 miles to the south.