Summary - 1,2,3 & 7 Alexandra IE and Lockerbie House, Locarno Road, Tipton DY4 9SJ
1 bed 1 bath Light Industrial
Freehold site with strong logistics links and clear refurbishment upside.
Passing rental income £218,797 per annum
A rare freehold industrial estate extending to about 59,530 sq ft across a 3.12-acre site, offered with a passing rent of £218,797 pax. The estate comprises multiple warehouse units and a two-storey office (Lockerbie House), plus extensive yard space and prominent road frontage — attributes that support continued rental income or owner-occupation.
The site’s location in the Alexandra Industrial Estate, close to Tipton railway station and major motorways (M5/M6), supports logistics, distribution and light industrial operators. Multiple access points and large external yards are practical for HGV movement, storage and multi-tenant operations.
Investors will value the existing income and repositioning potential: the estate could benefit from targeted refurbishment, re-letting, or consolidation to increase rental value. Conversely, the immediate area is in a very deprived band with high local crime rates and a predominance of social-renting households, which may affect tenant mix, insurance and local hiring.
This is a hands-on value opportunity: the freehold and scale create scope for longer-term redevelopment or asset management uplift, but expect capital expenditure, active estate management and sensitivity to local market conditions when modelling returns.
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