Property overview

Unit 1A (1), Sills Road, Willow Farm, Castle Donington DE74 2US

Download the Sales Brochure Make an enquiry
£2,000,000
Jun 2022

Modern reversionary industrial investment.

 

Semi-detached single bay industrial investment located on established logistics and industrial estate close to the A50 & J24 of M1.

 

Built in 2005 the property extends to 23,897 sq ft on a site of 1.31 acres, with a low site cover of just 35%.

 

Let to Expeditors International (UK) Ltd on a 10 year lease from 24 June 2015.

 

The rent is currently £112,000 per annum,  only £5.22 per sq ft.

 

Highly reversionary 5 yearly rent reviews with June 2020 review outstanding.

 

ERV £155,000 – £6.50 sq ft. Almost 25% increase in passing rent.

 

Offers are sought in excess of £2,000,000. This shows an initial yield of 5.87%. Reversion to 7.31%, based on ERV.

 

This reflects an underlying capital value of only £83.69 per sq ft.

 

View other sales.

 

St Pauls Office Investments Retail & Retail Warehousing investments