Hasbro Distribution,  Reevesland Industrial Estate_Property for Sale
Hasbro Distribution,  Reevesland Industrial Estate_Property for Sale
caswell way, Newport, NP19 4YH, UK

Hasbro Distribution, Reevesland Industrial Estate

Asset Description

Industrial and Distribution opportunity:


  • Strategically located in an established industrial location
  • Excellent connectivity to Junctions 24 and 28 of the M4 Motorway, via the A48 dual carriageway
  • Freehold industrial unit totalling 77,200 sq ft (7,172.11 sq m) GIA
  • On a secure site of 3.01 acres (1.22 hectares)
  • Fully let to Hasbro UK Limited by way of a tenant’s full repairing and insuring reversionary lease
  • Unexpired lease term of 4.8 years
  • Part of a larger complex which the occupier owns freehold
  • Low passing rent of £251,900 per annum (£3.26 per sq ft)


...

Attributes

Asking price
₹322,793,000
Building area net
6,961 m²
Occupancy
100%
WAULT
4.8 years

Media

Investment Highlights

  • We are instructed to seek offers above £3,050,000 (Three Million and Fifty Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects only £39.50 per sq ft and a Net Initial Yield of 7.71%, assuming purchaser’s costs of 7.07%.
  • Low capital value which is well below building replacement costs.
  • Reversionary with a low passing rent.
  • The tenant is committed to the site and owns the adjacent industrial complex freehold.
Hasbro Distribution,  Reevesland Industrial Estate 4_Property for Sale
Hasbro Distribution,  Reevesland Industrial Estate 4_Property for Sale

Contact brokers

Hasbro Distribution, Reevesland Industrial Estate (0 Properties)

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Last updated
16 May 2024