Property overview

We are instructed to market this prime, single-let distribution warehouse investment opportunity.  The salient details are:

• Opportunity to acquire a highly reversionary modern distribution warehouse on Vale Park
• Premier warehouse and distribution location in the town
• Modern warehouse unit constructed in 2019
• Total GIA of 3,692.62 sq.m (39,747 sq.ft)
• Single let to Online Home Retail Limited for a term of 10 years with effect from 01/11/2019, expiring on 31/10/2029
• Experian credit rating of 100
• Passing rent is £254,150 p.a. (£6.39 per sq.ft)
• Recent lettings achieved on the park of £8.50 per sqft
• Freehold
• EPC A

We are instructed to seek offers in excess of £3,535,000 which reflects a net initial yield of 6.75% and a low capital value of £88.94 per sq.ft.