Unit 1A (1), Sills Road, Willow Farm, Castle Donington DE74 2USDownload the Sales Brochure Make an enquiry
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.
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