Property overview

We have been instructed to market the above long-let, high yielding warehouse investment opportunity.  A summary of the investment is set out below:

• Refurbished, securely let, distribution units located directly adjacent to A500 dual carriageway in Stoke on Trent
• Two semi-detached industrial units extending to 3,666.00 sq.m (39,461 sq.ft) on a site of 1.93 acres
• The property was comprehensively refurbished in 2008, and a new roof was installed in 2018. The unit has recently under gone further enhancements with the installation of LED lighting
• Excellent loading specification with 2 dock level and 10 level access loading doors together with 360 degree circulation around the site
• Let to Yodel Delivery Network on a lease expiring on 31 January 2034 (9 years unexpired)
• Current rent of £258,000 per annum , equating to a rent of £6.54 per sq.ft.
• Yodel Delivery Network is the 4th largest courier in the UK. The company makes 190+ million deliveries annually from 50 sites UK wide with annual revenues of £562 million (year ended 2023).
• Yodel was acquired by YDLGP in February 2024 forming a ‘super scale’ logistics platform serving both the parcels market, through Yodel, and the freight market, through Tuffnels. Yodel remains a separate entity and received an £85 million funding package in August 2024.
• The subject property is Yodel’s delivery hub for Stoke on Trent and the wider Staffordshire region.

We are instructed to seek offers in excess of £3,230,000 subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 7.50%, subject to purchaser’s costs of 6.48%, a low capital value of £81.86 per sq. ft.