News

GJS DILLON BRINGS WORCESTERSHIRE INDUSTRIAL INVESTMENTS TO MARKET

May 2019

Worcestershire commercial property consultancy and Chartered Surveyors GJS Dillon has been appointed to market the investments in two large, well located industrial units in Droitwich in Worcestershire.

The long leasehold investments are available on unit 20/22 and unit 23 on Hampton Lovett Industrial Estate, Droitwich’s main industrial and commercial area, two miles south of Junction 5 of the M5 and six miles north of Worcester and Junction 6 of the M5.

Unit 23 is 32,334 sq ft industrial property, let on a new 15 year FRI lease to a tenant with a Grade A covenant, producing a gross annual rental income of £130,000. 

Unit 20/22 is a 20,140 sq ft warehouse property, let on an FRI lease expiring August 2021 to a tenant with a Grade A covenant, producing a gross annual rental income of £88,000 per annum.

Andrew Lewis, Head of Agency at GJS Dillon says: “These investments will deliver a good net initial yield in a market where industrial investments are increasingly sought after.  As a result we expect strong interest in both properties.”

Guide prices are offers from £1.25 million for Unit 23 and from £750,000 for Unit 20/22.

Further information is available from Andrew Lewis or John Dillon at GJS Dillon on tel. 01905 676169, email andrewlewis@gjsdillon.co.uk or johndillon@gjsdillon.co.uk or via https://www.gjsdillon.co.uk/properties/8045/ and https://www.gjsdillon.co.uk/properties/20-22-hampton-lovett-industrial-estate-droitwch-wr9-0nx/

With offices in Bromsgrove, Droitwich and Worcester, GJS Dillon is the largest firm of Chartered Surveyors headquartered in Worcestershire.  It offers a comprehensive commercial property service, including commercial agency, acquisition and business relocation, commercial property management, valuations, building consultancy and landlord and tenant rent reviews, and unrivalled geographical coverage, throughout Worcestershire and along the M5 and A38 corridors. 

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