Rare Opportunity to acquire 2 long leasehold light industrial estates located on the 92 acre, 1.1 million sq ft Norwich Airport Industrial Estate.
Situated 2.7 miles north of the city centre in the largest industrial area in the city.
The property comprises 2 opposing light industrial estates providing 36 units totalling 71,619 sq ft (Javelin Road 42,721 sq ft and Meteor Close 28,898 sq ft)
Units ranging in size from 1,701 sq ft to 3,058 sq ft
Units 1-22 Javelin Road held on a ground lease expiring December 2127 at a ground rent of £12,780 pa
Units 1-16 Meteor Close held on a ground lease expiring December 2127 at a ground rent of £8,500 pa
Javelin Road - 8 units held on occupational leases with ERVs of £7.25 psf, and 12 units sold on long leases
Meteor Close - 7 units held on occupational leases with ERVs of £7.25 psf, and 9 units sold on long
leases
Highly reversionary - small units in the Norwich area are currently letting at up to £10.50 per sq ft
Gross passing rent of £164,661 pa
Total net income (less ground rent) of £143,381 pa
