THE MAPLE PORTFOLIO
Disposal of 4 Trade Counter, Showroom and Warehouse Investments.
- Strong and long-established trading positions within their catchment areas (more than 20 years).
- 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