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.

Industrial

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.

MLI

MLI

500-10,000 sq ft

A cluster of buildings arranged in terraces let to multiple tenants on serviced estates.

Trade counter

Trade Counter

1,000-20,000 sq ft

Highly prominent units, similar in construction to MLI but with retail-style frontages. Located within or on the edge conurbations.

Warehouse

Solus Warehouses

10,000-100,000 sq ft

Self contained warehouses, let to a single tenant, located in industrial areas near or on major road networks.

Logistics

Logistics

100,000-1m+ sq ft

Large purpose built, self-contained warehouses, let to a single tenant, typically used for storage located on key transport nodes.

Key Characteristics

  • Versatile, flexible space capable of occupation for a range of uses (e.g. offices, storage, light manufacturing etc.)
  • Attracts a range of occupiers from small SME’s to larger nationals
  • Located either in or within close proximity to significant populations
  • Close to or on substantial road networks

Industrials is Stenprop’s UK multi-let industrial operating platform. Visit site