Office building with 2 warehouse units in Essex.
Description
The five-storey historical building in an industrial style with two separate warehouses with a total area of 6,948 m².
Tenure: Freehold.
Currently, it is planned to convert one of the commercial buildings into residential property (32 apartments and 19 houses) for the tenant's employees.
Financial performance
The net yield is 8.2%.
Tenants
The tenant is an American supplier of industrial automation and information products. The number of employees is about 25,000.
The tenant has been in the building since 1982.
WAULT: 10.9 years (4.7 years to break).
Location and nearby infrastructure
The property is located in Essex (England).
