Instructions

THE MAPLE PORTFOLIO

SALE

Details:

Disposal of 4 Trade Counter, Showroom and Warehouse Investments.

  • Strong and long-established trading positions within their catchment areas (more than 20 years).
  • Freehold.
  • Let to City Plumbing Supplies Holdings Ltd, a wholly owned subsidiary of Travis Perkins plc.
  • Total GIA: 27,153 sq ft.
  • Let for 10 Years from 2nd August 2019 on FRI terms, incl. a T.O.B. @ Yr. 5.
  • Upward only R.R. at Yr. 5 to Market Rental.
  • Low Initial Rentals – £4 psf to £6.85 psf.
  • Total Initial Rental: £141,250 pa (£5.20 psf).
  • Realistic prospects of rental uplifts at review.
  • Total Quoting Price: £2,007,000 excl. VAT.
  • Low Cap Value – £74 psf.
  • Initial Yield: 6.72% (Purchase Costs @ 4.71%).
  • Priced individually or available as a portfolio.
  • Subject to Contract

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