Industrial

Delta Park, Concorde Way, Segensworth, Fareham PO15 5RL

 

Quoting Price: £22,800,000 - Initial Yield:5.25%

Acting on behalf of TH Real Estate we are instructed to market this prime HQ distribution investment opportunity.

The property, constructed in October 2006 and comprising 151,559 sq ft, is the tenant's European HQ and sole distribution facility. Let to CooperVision Manufacturing Ltd at a passing rent of £1,277,800 p.a, with an attractive unexpired term of 13.5 years to expiry (8.5 years to break).

We are instructed to seek offers in excess of £22,800,000 (Twenty Two Million, Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a net initial yield of 5.25%, assuming purchaser's costs of 6.64% and a low capital value of £152 per sq ft.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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