Instructions

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 & SOUTHAMPTON ARE SOLD