TRAVIS PERKINS ATHOS PORTFOLIO
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’
- 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.