Midland Road Trade Park, Cirencester
Midland Road, Cirencester, Gloucestershire, GL7 1PZ, UK
9 795 000 $ | 2 137 mètres carrés
Description de l'actif
The property comprises a 1990’s steel frame warehouse, with part brick and profile metal cladding. Internally, the property provides ground floor warehouse with reception and first floor offices. The warehouse is equipped with 5 level access loading doors, staff welfare facilities, heating and LED lighting, with a maximum eaves height of 8m.
The property is subject to tenant fit out, with various production and storage functions provided within the warehouse accommodation. The tenant has installed two mezzanine areas, which are not rentalised. Office areas are well-appointed with suspended ceilings, recessed lighting, wall mounted radiators, air conditioning, perimeter trunking and double-glazed windows.
The site benefits from a substantial service yard, and offers 66 car parking spaces including 8 EV charging spaces.
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Attributs
Superficie du bâtiment nette
5 783 mètres carrés
WAULT aux pauses
12 années
WAULT aux expirations
17 années
Prix demandé
7 810 000 $
Taux de capitalisation
7 %
Média
Points forts de l'investissement
- Long let industrial investment opportunity secured against a strong covenant with index linked rent reviews
- Located within the renowned industrial and logistics ‘Golden Triangle’, strategically positioned adjacent to the A47 providing excellent access to the M69 and in turn Junction 2 of the M6 and Junction 21 of the M1
- Excellent connectivity to major UK markets of Birmingham, Manchester and London with just under 90% of the UK population within a 4 hour drive time
- Prominently positioned on Moat Way, the established commercial and industrial area in Barwell
- Property extends to a total of 62,245 sq ft (5,782.71 sq m) excluding tenant installed mezzanine areas
- Long let for a further 12 years to break and 17 years to expiry to Reflex Plus Ltd, guaranteed by Reflex Group Ltd
- Highly reversionary current rent of £327,000 pa, reflecting a very low £5.25 psf, with attractive 5 yearly rent reviews linked to RPI with a cap and collar of 2% - 4% p.a.
- Strong covenant, with Reflex Group Ltd benefitting from a Creditsafe score of 96/100 and annual turnover of over £170m
- Reflex Plus are one of the UK’s largest labelling and packaging companies, operating across 6 different countries in 24 locations, specialising in a diverse range of innovative and sustainable packaging solutions
- Freehold
We are instructed to seek offers in excess of £4,385,000 (Four Million, Three Hundred and Eighty Five Thousand Pounds) subject to contract & exclusive of VAT.
A purchase at this level reflects an attractive net initial yield of 7.00%, a low capital value of £70.45 psf and a forecast running yield in 2026 of 8.51%, assuming standard purchaser's costs.
Contactez les courtiers
Reflex Plus, Barwell (0 Propriétés)
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Dernière mise à jour
14 nov. 2024
