The Enterprise Centre, Dawsons Lane LE9
63,323 sq ft (5,882.9 sq m)
High-yielding, multi-let secondary industrial estate.
35 units let to 17 tenants, income spread over a wide range of occupiers
Annual net rent of £187,644 increasing to £194,994 / Majority of tenants have been on the estate for 10 years plus
Opportunity to work up the ERV's and convert TAW's to leases
Anchor tenant (35% of the income) has just signed new 5 year lease
Excellent rent collection during Covid - as of 08/07/20, 90% + of tenants had paid their rent up to date.
Potential longer term residential play
Guide Price £1.95m which reflects 9.11% NIY