Broad Ground Road
Redditch
Date acquired: November 2017
Location: Unit 1, Broad Ground Road, Lakeside Industrial Estate, Redditch, B98 8YP
Size: 26,179 sq ft / 2,432 sq m
Tenant: Single let to Meritor Aftermarket UK Ltd
Location: Unit 1, Broad Ground Road, Lakeside Industrial Estate, Redditch, B98 8YP
Size: 26,179 sq ft / 2,432 sq m
Tenant: Single let to Meritor Aftermarket UK Ltd
Part of the Darby portfolio, a corporate acquisition involving 40 assets; 32 warehouse investments and 8 office investments with a wide geographic spread (3 offices have subsequently been sold). Numerous opportunities for letting voids, regearing leases, increasing rent following capex to improve and reposition buildings and carrying out historic rent reviews which have never been implemented.