Multi-let freehold with strong headline covenant and ample car parking..
Total area approx. 17,362 sq ft across Endeavour House and Units 1A–E
A substantial multi-let commercial asset on Benbridge Industrial Estate offering immediate income and strong tenant coverage. Endeavour House (four storeys) with five adjoining two-storey business units totals about 17,362 sq ft and comes with 63 designated car spaces and practical service areas.
The income profile is anchored by Rolls‑Royce Solutions UK Ltd, representing 72.5% of rent, giving core covenant strength. The sale is offered as a TOGC freehold with a reduced asking price of £2,200,000, reflecting a net initial yield of c.8.2% (assumed costs 5.6%). EPCs for the units sit in the C band; services include air conditioning, lift access and LED lighting.
Buyers should note material risks: the site is in a high flood-risk zone, the local area shows higher crime and deprivation indices, and broadband speeds are slow. Copies of leases, asbestos surveys and accounts are available to named principals; no warranties on planning or fixtures are given.
This is suited to investors seeking immediate rental income from a multi-let estate building with scope to review leasing strategy and asset management, while accepting environmental and local-market constraints.
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