Aviator 125, Ellesmere Port, CheshireMake an enquiry
Atlas Real Estate has recently completed acquisition of Aviator 125 on behalf of UKWP (a joint venture between Ares and Revalan).
The property comprises a new high specification distribution warehouse completed in February 2020.
The property is let to Survitec Group Limited on a 20 year lease with a break at 15. The initial rental is £720,000 per annum and subject to 5 yearly rent reviews based on compounded RPI (collar and cap of 2 & 4%)
The purchase price was £10,000,000 which reflects a net initial yield of 6.75%
Andrew Franck-Steier who acted for the purchaser, UKWP comments that it was fantastic to agree a deal at such value in comparison to the aggressive pricing on similar assets. The deal was agreed in lockdown on an off market basis.