Portman Road Estate Disposal
Portman Road, Reading, Berkshire, RG30 1EA, UK
6,026 sm
Attributes
Building area net
5,966 sm
Occupancy
100%
Year built
2015
Land area gross
5,966 sm
Units
2
WAULT
15 years
Asking price
CA$14,599,000
NOI
CA$1,045,000
Rent PSF
CA$16.27
Description
Opportunity to acquire a modern industrial sale & leaseback investment let to two undoubted covenants.
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Investment highlights
- 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
Media
Beacon Park, Great Yarmouth (0 Properties)
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Last updated
Jun 10, 2025