Property description
Opportunity to acquire a prime single let industrial open storage investment, let to Key Leasing Ltd with 92 years unexpired.
The property comprises an extensive site of 5.90 acres, of which 3.45 acres is concrete / hardstanding.
It is let of a low rent of £130,000 psf, (£37,681 per acre), subject to an OMV rent review August 2026.
The purchase price of £2,040,000 reflects a NIY of 6.00%, reversionary yield of 15.91% (headline ERV) and low capital value of £591,304 per acre.
Agents
