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Boughton Industrial Estate, Ollerton Brochure Final

The document provides a detailed overview of various storage units, including total units, vacancy rates, and estimated rental values. It highlights key financial metrics such as total contracted gross income, net operating income, and average passing rents across different unit types. Additionally, it outlines potential development areas and their estimated rental values.

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ladygagacutie
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5 views25 pages

Boughton Industrial Estate, Ollerton Brochure Final

The document provides a detailed overview of various storage units, including total units, vacancy rates, and estimated rental values. It highlights key financial metrics such as total contracted gross income, net operating income, and average passing rents across different unit types. Additionally, it outlines potential development areas and their estimated rental values.

Uploaded by

ladygagacutie
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DRIVE TIME KEY

1 HOUR
1.5 HOURS
2 HOURS
Total Units
119 Units + 64 open storage areas
Vacant Units
18 Units + 29 open storage areas
Vacancy Rate (sq ft)
34%
Occupiers
94
Total Contracted Gross Income
£1,108,167 per annum

Net Operating income


£845,969 *(Nov 2023 - Oct 2024)

Average Passing Rent


£3.59 per sq ft - Buildings
£0.32 - Open Storage
Estimated Rental Value (ERV)
£2,089,142 per annum
ERV per sq ft
£4.59 per sq ft - Buildings
£0.60 - £0.90 per sq ft - Open Storage
Reversionary Percentage
75% (Excluding Potential
Development Sites)
WAULT
1.0 year to expiry (The units are
generally let on 12 month licences)
Scale
100m
Total Open Storage Areas
64 (798,445 sq ft)

Vacant Open Storage Areas


29 ( 335,289 sq ft)

Vacancy Rate
42%

Occupiers
33

Total Contracted Income


£149,149 per annum

Average Passing Rent


£0.32 per sq ft / £13,939 per acre

Estimated Rental Value (ERV)


£560,713 per annum

ERV per sq ft Class 1 surface


£0.90 per sq ft / £39,204 per acre
ERV per sq ft Class 2 surface
£0.60 per sq ft / £26,136 per acre

Reversionary Percentage
276%

WAULT
WAULT to Expiry 0.6 years
Total Units
89 (272,340 sq ft)

Vacant Units
8 (21,694 sq ft)

Vacancy Rate
8% (low)

Occupiers
68

Total Contracted Income


£796,186 per annum

Average Passing Rent


£3.18 per sq ft

Estimated Rental Value (ERV)


£1,099,023 per annum

ERV per sq ft
£3.95 per sq ft for >3,000 sq ft units
£4.50 per sq ft for <3,000 sq ft units

Reversionary Percentage
38%

WAULT
WAULT to Expiry 1.2 years
Total Units
19 (23,238 sq ft)

Vacant Units
6 (9,818 sq ft)

Vacancy Rate
42%

Occupiers
13

Total Contracted Income


£116,460 per annum

Average Passing Rent


£8.68 per sq ft

Estimated Rental Value (ERV)


£203,333 per annum

ERV per sq ft
£8.75 per sq ft

Reversionary Percentage
75%

WAULT
WAULT to Expiry 0.7 years
Total Units
10 (4,077 sq ft)

Vacant Units
4 (1,416 sq ft)

Vacancy Rate
35%

Occupiers
6

Total Contracted Income


£40,328 per annum

Average Passing Rent


£15.16

Estimated Rental Value (ERV)


£68,290 per annum

ERV per sq ft
£16.75 per sq ft

Reversionary Percentage
69%

WAULT
WAULT to Expiry 0.9 years
Total Areas
11 areas for potential development
totaling circa 3.48 acres
(151,740 sq ft ) D8

Vacant Units
Currently all unoccupied

Estimated Rental Value (ERV)


£151,740 per annum

ERV per sq ft
£1.00 per sq ft / £43,560 per acre

D9
D10
D11

D7
D8 D6

D3

D4 D1
D5

D2
VIEW WEBSITE

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