Industrial

P2P Mailing Ltd, Unit 8a Festival Way, Festival Leisure Park, Basildon 

 

Price: £4,765,000 - Initial Yield:6.25%

Date: Q1 2015

Acting on behalf of Clearbell Capital we advised on the purchase of this industrial investment from Universal Cycles for £4.765m, reflecting a net initial yield of 6.25%.

The property comprises a modern, single let distribution warehouse totalling approximately 62,162 sq ft. Let in its entirety to P2P Mailing Ltd on a lease expiring on 30th October 2023. The rent structure is by way of fixed rental uplifts each year for the first 5 years with upward only rent reviews every 5 years thereafter. The vendor is topping up the rent to £315,138 per annum.

Contact

Julian Gallagher

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


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