41,292 sq.ft

Investment Summary

  • Prime logistics location within 1 mile of Jnc 8 of the M1 and 4.5 miles north of the M1/M25 intersection.
  • Modern well specified logistics unit extending to 41,292 sq.ft.(3,836 sq.m.) GIA with secure yard.
  • Let to 66 Books Ltd on a 10 year lease from 19th February 2018 giving an attractive unexpired term of c.9.75 years.
  • Current rent of £412,920 per annum, equating to just £10 psf per annum.
  • Excellent rental growth prospects
  • The tenant is a well established company which has been based on Maylands for 10 years.
  • Freehold
  • Offers are invited in excess of £7,230,000 (Seven million, two hundred and thirty thousand pounds) for the freehold interest, subject to contract and exclusive of VAT.
  • A purchase at this level reflects a net initial yield of 5.35% and a capital value of £175 per sq.ft. after allowing for the usual purchaser’s costs of 6.7%.

© 2018 BCMRE Ltd