Documents
Key facts
Year Built | 2000 |
Building Area Gross |
|
Call for Offers | 2021-08-11 |
Property description
Secure Index Linked Industrial Investment Opportunity
Investment highlights
• Well located on Waterwells Business Park, close to both the Gloucester ring road and Junction 12 of the M5 motorway
• Two modern industrial buildings totalling 37,069 sq ft
(3,443.7 sq m) GIA
• UK Headquarters buildings, built specifically for the tenant in 2010 and 2015
• Freehold
• Let to Mount International United Services Ltd (MIUS) 3A1 D&B rating, with a guarantee from Probo Medical Inc
• Two new 15 year leases from completion, with two options to extend for 5 years
• 5 yearly reviews linked to RPI (1-3.5% cap and collar)
• Passing rent of £203,000 per annum equating to an overall rent of only £5.48 per sq ft overall
• £3,500,000 (Three Million Five Hundred Thousand Pounds) subject to contract and exclusive of VAT
• Net Initial Yield of 5.4% after costs of purchase at 7.5%, and the following yield profile based upon RPI at 2.5%
Year Yield
2021 5.4%
2026 6.1%
2031 6.91%