A large industrial estate is on sale for more than £5.6 million.
The property within the Commerce Way Grange Way Industrial Estate in Colchester occupies a plot of land measuring 28 acres.
It is currently occupied by 26 tenants and generates an annual rent of £206,399.27.
This is expected to increase to £302,224 per annum once rent review negotiations with nine leaseholders are finalised.
The estate agents said: "The property occupies a highly prominent and accessible position within Colchester's principal industrial and trade distribution area."
"Thirty sites let to 26 different tenants, providing a diversified income stream."
The estate consists of 30 individual plots, most of which are located south of Whitehall Road, with two additional plots north of the road.
The buildings are home to a mix of industrial and trade occupiers, with some buildings dating from the 1970s.
The site lies approximately one mile south-east of Colchester town centre within the Whitehall Industrial Estate.
The ownership is split between Whitehall Road, Commerce Way, and Grange Way.
It sits in an accessible location in the town's primary industrial and trade distribution area, forming part of the long-established Hythe commercial district.
The location benefits from excellent connectivity, offering direct access to the inner ring road system, facilitating efficient links to the A12 and A120.
These routes provide connections to the M25, Stansted Airport, and the east coast ports of Harwich and Felixstowe.
The surrounding area comprises a commercial cluster of primarily industrial, trade counter, and distribution occupiers.
Beyond this core industrial area, the wider locality consists of residential neighbourhoods, the University of Essex campus, and national retailers such as Tesco and Home Bargains.
The estate agents also said industrial land in Colchester has a value in excess of £500,000 per acre, which underpins the long-term value of the portfolio.
The estate agents also highlighted the opportunity for growth through rent reviews.
If the current rent reviews are settled at their quoted rents, the passing rent of the estate increases to £302,224 per annum.
Recent reviews have settled at £0.58 per sq ft, establishing a new rental tone across the estate and providing strong evidence to support future rental growth at the 24 future rent reviews.
The estate is freehold.
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