Västra Drottninggatan 40

Kumla Oxen 11 – Warehouse and industrial property in a strong logistics location

A unique opportunity to acquire a warehouse property in one of Sweden's strongest logistics locations – at a very attractive price.

The property comprises approx. 2,450 sqm and is sold via a company. Significant vacancy of approx. 1,851 sqm provides direct upside corresponding to approx. SEK 925,500/year (at SEK 500/sqm).

The price is low, only 7,000,000, giving a price per sqm of only 2,857 and creating an exceptionally attractive case for property developers or owner-occupiers.

Here there is an opportunity to take over a functioning warehouse structure with existing pallet racking and create significant value through letting, repositioning or own operations.

Summary

Kumla Oxen 11 is a warehouse and industrial property located in an established business area in Kumla. The property has historically been used as a cold and freezer warehouse, which means the building was constructed for high-load storage operations with an efficient logistics structure.

The property is sold via a company (share transfer).

The building is of older date but in usable and functional condition, with a robust construction well suited to warehouse and logistics operations.

Property description

Property: Kumla Oxen 11

Address: Västra Drottninggatan 40 & 40B, Kumla

Site area: approx. 4,908 sqm

Type: Industrial unit – warehouse

Buildings & areas

Total floor area: approx. 2,451 sqm

Warehouse: approx. 2,040 sqm

Office: approx. 386 sqm

Production: approx. 25 sqm

Number of floors: 2

Building type: Detached

A full 7 loading doors

Facade: Brick and sheet metal

Windows: Double-glazed

Roof: Sheet metal and felt

Heating/Cooling: District heating, direct electric heating & heat pumps

Standard & condition

The building is of an older standard but in working and usable condition. The industrial construction is robust and adapted for warehouse operations.

The property is suitable for continued operation in its current condition or for development through modernisation.

Warehouse & function

Former cold and freezer warehouse

Pallet racking included in the transfer

Several loading doors and loading docks

Good marshalling areas

Rental information & letting

Letting situation

The property is partly let to several businesses within warehousing, service and the public sector.

Vacancy

1,850 sqm vacant space

Rental income

Current rental income: approx. SEK 306,744/year

Assessed rental value: 1,232,244

Vacancy potential: SEK 925,500/year

Rental levels (indicative)

Warehouse: approx. SEK 480–670/sqm

Office: approx. SEK 650–700/sqm

Rental information & letting

Tenants

Tenant A – public sector operation

Tenant B – large-scale kitchen/technology business

Tenant C – construction and service business

Let area

Approx. 600 sqm let area

Vacancy

Approx. 1,851 sqm vacant space

Contract structure

Short lease agreements

Notice period approx. 3 months

Provides flexibility for a new owner to develop the property and optimise rental levels.

Operation & costs

Operating costs: approx. SEK 236,000/year excl. insurance

Major items

Electricity: approx. SEK 115,000

Security: approx. SEK 76,000

Water and sewerage: approx. SEK 9,000

Property tax

approx. SEK 18,000

Technical information & energy

Energy class: F

Primary energy number: approx. 171 kWh/m²/year

Total energy consumption: approx. 233,000 kWh/year

Heating

Direct electric heating

Other

OVK (ventilation inspection) not carried out

Radon not measured

Energy declaration valid until 2031

Market & location – Kumla

Kumla is one of Sweden's most strategic logistics locations and a central part of the expansive Örebro region.

Strategic location

Direct proximity to the E20

Fast transport to Stockholm, Gothenburg and Oslo

Proximity to Örebro Airport (cargo)

Business community – strong and growing market

Kumla has a very strong and growing business community with a clear focus on industry, logistics and distribution.

Established industrial municipality with a long tradition

Part of one of Sweden's most important logistics clusters

Continuous demand for warehouse and logistics space

Expansion within e-commerce and third-party logistics

Advantages

Competitive rental levels

Good access to labour

Efficient infrastructure

Population & growth

Stable population growth

Growing labour market

Increased regional attractiveness

Investment opportunity

Character

Value-add with very significant upside

Strengths

Sold via a company

Very attractive price (approx. SEK 2,850/sqm)

Significant vacancy

Existing warehouse structure

Pallet racking included

Opportunities

Increase occupancy rate

Rental optimisation

Modernisation

Adaptation for own operations

Overall assessment

This is a very attractive investment case with a low entry level and great development potential. The combination of price, location and vacancy creates good opportunities to achieve a substantially improved cash flow and value through active management and investment.