Description

JLL is pleased to present a Prime East Midlands Urban Logistics Investment Opportunity at DHL Leicester, Knights Road, Beaumont Leys. This opportunity offers a rare acquisition of a solus mid-box urban logistics facility, strategically positioned in close proximity to the A46 Leicester by-pass and offering direct access to the M1.

This purpose-built logistics facility spans 37,338 sq ft with 360˚ circulation and exceptional loading provision including 21 level access doors and 14 dock doors. Located on a 3.22-acre site, it boasts a low site cover ratio of just 27%. The property is to be secured by way of a sale and leaseback to DHL eCommerce UK Limited for a term of 10 years (5 year tenant break), at a passing rent of £350,000 per annum, equating to £8.00 psf. DHL eCommerce UK Limited are to be guaranteed by EVRi Limited.

The site’s strategic location in Leicester, a golden triangle hub, facilitates efficient distribution, with 90% of Britain accessible within a 4.5-hour drive. It benefits from excellent connectivity to major transport routes and proximity to the East Midlands Airport cargo hub. Other nearby occupiers include Walkers, Pepsi, FedEx and Viking.

Offering an attractive initial yield of 6.00% and a capital value of £5,410,000 (£142 psf), this investment promises cash flow stability and significant growth potential.

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Attributes

Building area gross

3,469 m²

Occupancy

100%

Year built

2005

Land area gross

13,031 m²

Tenants

DHL eCommerce UK Limited

Rent PSF

PLN 39.21

Total Annual Rent

PLN 1,715,220.70

WAULT to breaks

5 years

WAULT to expiries

10 years

Clear height

10.6 m

Grade level doors

Parking spaces

Media

Investment Highlights

Strategically located on Knights Road, Leicester, adjacent to the A6 offering direct access to the M1 in under 10 minutes.
Purpose built urban logistics facility extending to 37,338 sq ft on a self-contained site.
Benefitting from 360˚circulation and exceptional loading provision including 21 level access doors and 14 dock doors.
Very low site coverage of just 27% across 3.22 acres.
Sale and leaseback to DHL eCommerce UK Limited, guaranteed by EVRi Limited (strong covenant).
10 year term, with a tenant only break at the end of year 5.
Headline rent of £350,000 pa, reflecting a reversionary £8.00psf base rent, with a x1.17 multiplier to reflect very low site cover
Rent reviewed 5 yearly indexed to CPI compounded annually, subject to a collar and cap of 2% and 4% pa.
Freehold

Offers invited in excess of £5,410,000 subject to contract and exclusive of VAT. This reflects a NIY of 6.00% and a capital value of £142 psf, assuming purchaser’s costs of 7.8%.