Manorside Industrial Estate
Redditch
Date acquired: September 2016
Location: On North Moons Moat, the town’s premier industrial estate
Tenant: Multi-let to 22 tenants
Location: On North Moons Moat, the town’s premier industrial estate
Tenant: Multi-let to 22 tenants
Estate of 30 units with a 12% vacancy rate off low average passing rents of £4.70 per sq ft. Significant opportunity to improve the asset through active management alongside capital investment.