What is Multi-Let Industrial?
Multi-let Industrial (MLI) comprises multi-purpose, flexible space, with units typically of 500-10,000 sqft arranged in terraces and let to multiple tenants on a serviced estate.
Units tend to be generic in nature, typically comprising a large open space accessed through a roller shutter door plus c. 10% office content, toilet facilities and a small kitchenette. A typical estate will comprise 5-50 units and the majority have capital values from £2-20 million. Most leases are 3-5 years in duration, and rents will range from £3-8psf depending upon unit size, quality and location.