Property description
Opportunity to acquire a reversionary single let industrial investment, let to a long standing occupier and forming their Global HQ.
The tenant has recently renewed on a new lease expiring 31 December 2032 (subject to break 01 January 2028). It is let of a low rent of £5.00 psf (ERV £5.75 psf), subject to an OMV rent review in January 2028, providing the opportunity to capture reversion.
The purchase price of £4,225,000M reflects a NIY of 7.00%, reversionary yield of 8.02% and low capital value of £67 psf.
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