TRAVIS PERKINS ATHOS PORTFOLIO

SALE / UNDER OFFER

Disposal of a portfolio of four, prime, South-East Trade Counter units.

• Dominant trading units within their catchments.
• Tenant – Travis Perkins Trading Company Ltd.
• Creditsafe rating: 98A – ‘Very low risk’
• Freehold
• Identical FRI leases for 15 years, expiring 23rd May 2038.
• Rent reviews 5 Yearly to Market Rental (increases capped at 21.67% i.e. 4%pa).
• Total Initial Rental: £1,048,000pa. Equates to £11.05 psf for the trade units, after rental allowance for additional yard (assumes 45% site cover for a building’s ‘footprint’).
• ESG – EPC ratings all A or B.
• Offers in excess of £18,100,000 exclusive of VAT.
• Net Initial Yield: 5.42%, exclusive of VAT and net of 6.74%Purchaser’s Costs.

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BIGGLESWADE & MILTON KEYNES ARE SOLD