Beaufort Way, Great Yarmouth, NR31 7DU, UK

Beacon Park, Great Yarmouth

Building area net

5,966 m²

Occupancy

100%

Year built

2015

Land area gross

5,966 m²

Number of units

WAULT

15 years

Asking price

€8,938,000

NOI

€640,000

Rent PSF

€9.96

Opportunity to acquire a modern industrial sale & leaseback investment let to two undoubted covenants.

...

The property comprises two high specification mid-box units totalling 64,217 sq ft (GIA)
The asset produces a total passing rent of £555,892 pa, which reflects a rate of £8.66 psf
Both units are let on new 15 year leases
The rent will be subject to five yearly upwards only rent reviews to the high of open market value or CPI (2-4%)
100% of income is secured against tenants with a CreditSafe 'Very Low Risk' of business failure
Both units were constructed in 2015 and are EPC B
The site area is approximately 6.6 acres (2.7 ha), providing an extremely low site cover of 22%
The property is held Freehold