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.
MLI sits within the Industrial sector alongside logistics, solus warehouse and trade counter units which tend to be more specific in terms of user type and less generic in purpose. MLI typically sits on a ring fenced estate allowing the landlord the ability to control the surrounding environment.
Self contained warehouses, let to a single tenant, located in industrial areas near or on major road networks.
Large purpose built, self-contained warehouses, let to a single tenant, typically used for storage located on key transport nodes.
Industrials is Stenprop’s UK multi-let industrial operating platform. Visit site
