Property description
Opportunity to acquire a reversionary detached single let industrial investment with redevelopment opportunities. Let to Buffaload Logistics Limited expiring on 29th November 2025 (3.20 years unexpired)
The property comprises 41,060 sq ft industrial unit on a secure, self-contained 5.19-acre site, at a low passing rent of £184,250 pa (£3.27 psf assuming £25,000 per acre on surfaced expansion land).
The purchase price of £2,475,000 reflects an attractive Net Initial Yield of 7.00%, and a very low capital value of £35.92 per sq ft (assuming £500,000 per acre on the 2 acres of overage land).
