GSF Car Parts, Unit 1 Caxton Estate, Printing House Lane, Hayes, UB3 1AP
Download the Sales Brochure Make an enquiry
£3,950,000
Oct 2024
Please see below details of the above investment:
- Strategically located sale & leaseback opportunity with opportunity for short term redevelopment
- Established warehouse location on Printing House Lane, Hayes
- Strong covenant of GSF Car Parts Limited
- The property comprises a secure, detached warehouse unit with integral offices, opening onto a self contained secure yard
- Total Gross External Area of 17,803 sq. ft. (1,653.9 sq. m.)
- The property will be sold by way of sale and leaseback to GSF Car Parts Limited, on a 10 year lease subject to rolling mutual break options with 18 months notice
- Rent of £276,000 per annum
- Year 5 rent review to the higher of open market rent or Index-linked to CPI, collared at 1% and capped at 3%, compounded annually
- Freehold
- Site area 0.68 acres (0.28 Ha)
We are instructed to seek offers in excess of £3,950,000 (Three Million Nine Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 6.50%, subject to purchaser’s costs of 7.44%.
